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Kose fiscal Q3 profit climbs 24.8% YOY

Kose Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥102.23 per share, a gain of 24.8% from ¥81.92 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.83 billion, an increase of 24.8% from ¥4.67 billion in the year-earlier period.

The normalized profit margin increased to 10.5% from 9.7% in the year-earlier period.

Total revenue rose 14.8% year over year to ¥55.37 billion from ¥48.25 billion, and total operating expenses grew 12.4% from the prior-year period to ¥46.44 billion from ¥41.31 billion.

Reported net income increased 34.1% on an annual basis to ¥5.79 billion, or ¥101.55 per share, from ¥4.32 billion, or ¥75.71 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.