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Goldwin fiscal Q3 profit climbs 29.3% YOY

Goldwin Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥159.77 per share, an increase of 31.6% from ¥121.41 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.85 billion, an increase of 29.3% from ¥1.43 billion in the prior-year period.

The normalized profit margin climbed to 11.1% from 8.9% in the year-earlier period.

Total revenue rose on an annual basis to ¥16.70 billion from ¥16.16 billion, and total operating expenses decreased from the prior-year period to ¥14.28 billion from ¥14.45 billion.

Reported net income rose 24.3% year over year to ¥2.67 billion, or ¥230.07 per share, from ¥2.14 billion, or ¥181.86 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.