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Medical Ikkou fiscal Q3 profit climbs YOY

Medical Ikkou Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was ¥93.94 per share, a gain from ¥90.03 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥180.0 million, an increase from ¥172.5 million in the year-earlier period.

The normalized profit margin fell to 2.7% from 3.0% in the year-earlier period.

Total revenue increased 13.2% on an annual basis to ¥6.57 billion from ¥5.81 billion, and total operating expenses increased 13.8% year over year to ¥6.27 billion from ¥5.51 billion.

Reported net income rose 39.0% from the prior-year period to ¥214.0 million, or ¥111.69 per share, from ¥154.0 million, or ¥80.37 per share.

As of Jan. 14, US$1 was equivalent to ¥116.84.