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Ichibanya fiscal Q3 profit climbs 9.1% YOY

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Ichibanya fiscal Q3 profit climbs 9.1% YOY

Ichibanya Co. Ltd. said its normalized net income for the fiscal third quarter ended Feb. 28 came to ¥23.87 per share, an increase of 9.1% from ¥21.88 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥762.0 million, an increase of 9.1% from ¥698.5 million in the prior-year period.

The normalized profit margin rose to 6.9% from 6.6% in the year-earlier period.

Total revenue climbed on an annual basis to ¥11.03 billion from ¥10.57 billion, and total operating expenses increased from the prior-year period to ¥9.83 billion from ¥9.47 billion.

Reported net income increased 20.0% year over year to ¥768.0 million, or ¥24.06 per share, from ¥640.0 million, or ¥20.05 per share.

As of April 3, US$1 was equivalent to ¥118.89.