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Naigai fiscal Q3 profit climbs YOY

Naigai Co. Ltd. said its normalized net income for the fiscal third quarter ended Oct. 31 was ¥11.55 per share, a gain from ¥1.25 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥94.9 million, an increase from ¥10.3 million in the prior-year period.

The normalized profit margin climbed to 2.2% from 0.2% in the year-earlier period.

Total revenue totaled ¥4.31 billion, compared with ¥4.32 billion in the prior-year period, and total operating expenses fell from the prior-year period to ¥4.22 billion from ¥4.28 billion.

Reported net income rose from the prior-year period to ¥136.0 million, or ¥16.56 per share, from ¥9.0 million, or ¥1.10 per share.

As of Dec. 15, US$1 was equivalent to ¥118.36.