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Mbs Inc. fiscal Q3 profit climbs YOY

Mbs Inc. said its normalized net income for the fiscal third quarter ended Feb. 28 came to ¥6.30 per share, a gain from ¥3.10 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥38.1 million, an increase from ¥18.8 million in the year-earlier period.

The normalized profit margin increased to 8.7% from 5.4% in the year-earlier period.

Total revenue grew 26.7% year over year to ¥437.0 million from ¥345.0 million, and total operating expenses rose 21.2% on an annual basis to ¥389.0 million from ¥321.0 million.

Reported net income rose year over year to ¥38.0 million, or ¥6.28 per share, from ¥17.0 million, or ¥2.81 per share.

As of April 10, US$1 was equivalent to ¥120.22.