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Arigatou Services fiscal Q3 profit climbs 98.4% YOY

Arigatou Services Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2015, amounted to ¥82.70 per share, an increase of 98.5% from ¥41.67 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥78.1 million, a gain of 98.4% from ¥39.4 million in the prior-year period.

The normalized profit margin rose to 3.8% from 2.2% in the year-earlier period.

Total revenue climbed 14.0% on an annual basis to ¥2.05 billion from ¥1.80 billion, and total operating expenses rose 11.1% year over year to ¥1.93 billion from ¥1.74 billion.

Reported net income grew year over year to ¥68.0 million, or ¥71.98 per share, from ¥31.0 million, or ¥32.81 per share.

As of Jan. 13, US$1 was equivalent to ¥118.29.