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Como Co. fiscal Q3 profit climbs 21.6% YOY

Como Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥8.07 per share, a gain of 26.4% from ¥6.38 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥28.1 million, an increase of 21.6% from ¥23.1 million in the year-earlier period.

The normalized profit margin rose to 2.0% from 1.6% in the year-earlier period.

Total revenue decreased on an annual basis to ¥1.42 billion from ¥1.44 billion, and total operating expenses fell year over year to ¥1.37 billion from ¥1.40 billion.

Reported net income rose 31.6% on an annual basis to ¥25.0 million, or ¥7.17 per share, from ¥19.0 million, or ¥5.24 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.