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Shirohato fiscal Q3 profit climbs 38.9% YOY

Shirohato Co. Ltd. said its normalized net income for the fiscal third quarter ended May 31 amounted to ¥4.07 per share, an increase of 32.8% from ¥3.07 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥15.6 million, a gain of 38.9% from ¥11.3 million in the prior-year period.

The normalized profit margin rose to 1.6% from 1.2% in the year-earlier period.

Total revenue increased on an annual basis to ¥989.0 million from ¥951.0 million, and total operating expenses climbed 5.4% on an annual basis to ¥961.0 million from ¥912.0 million.

Reported net income decreased 7.1% year over year to ¥13.0 million, or ¥3.39 per share, from ¥14.0 million, or ¥3.82 per share.

As of July 15, US$1 was equivalent to ¥123.95.