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Renaissance posts fiscal Q3 profit

Renaissance Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥551.9 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 5.2%.

Total revenue came to ¥10.58 billion, and total operating expenses totaled ¥9.69 billion.

Reported net income came to ¥560.0 million, or ¥26.20 per share.

As of Feb. 5, US$1 was equivalent to ¥117.45.