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WDI Corp. fiscal Q3 profit climbs 19.5% YOY

WDI Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥27.80 per share, a gain of 19.5% from ¥23.26 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥176.0 million, an increase of 19.5% from ¥147.3 million in the year-earlier period.

The normalized profit margin rose to 2.9% from 2.8% in the year-earlier period.

Total revenue increased 16.3% on an annual basis to ¥6.12 billion from ¥5.26 billion, and total operating expenses rose 15.3% on an annual basis to ¥5.78 billion from ¥5.01 billion.

Reported net income rose year over year to ¥199.0 million, or ¥31.43 per share, from ¥78.0 million, or ¥12.32 per share.

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