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Kajima fiscal Q3 profit climbs 32.6% YOY

Kajima Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was ¥18.30 per share, a gain of 32.7% from ¥13.79 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥19.00 billion, an increase of 32.6% from ¥14.32 billion in the prior-year period.

The normalized profit margin rose to 4.3% from 3.4% in the year-earlier period.

Total revenue rose on an annual basis to ¥442.01 billion from ¥425.74 billion, and total operating expenses increased on an annual basis to ¥414.84 billion from ¥404.90 billion.

Reported net income grew 57.8% from the prior-year period to ¥25.82 billion, or ¥24.87 per share, from ¥16.36 billion, or ¥15.76 per share.

As of Feb. 10, US$1 was equivalent to ¥114.87.