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Takashimaya fiscal Q3 profit climbs YOY

Takashimaya Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was ¥9.38 per share, a decline of 10.3% from ¥10.45 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.78 billion, an increase from ¥3.71 billion in the prior-year period.

The normalized profit margin increased to 1.8% from 1.7% in the year-earlier period.

Total revenue totaled ¥213.82 billion, compared with ¥212.90 billion in the prior-year period, and total operating expenses totaled ¥208.20 billion, compared with ¥207.58 billion in the prior-year period.

Reported net income rose 14.7% year over year to ¥3.44 billion, or ¥8.52 per share, from ¥3.00 billion, or ¥8.45 per share.

As of Jan. 13, US$1 was equivalent to ¥118.49.