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Nitto Fuji Flour Milling fiscal Q3 profit climbs 6.8% YOY

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Nitto Fuji Flour Milling fiscal Q3 profit climbs 6.8% YOY

Nitto Fuji Flour Milling Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥113.18 per share, an increase of 6.8% from ¥105.96 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥518.5 million, an increase of 6.8% from ¥485.5 million in the prior-year period.

The normalized profit margin climbed to 3.9% from 3.6% in the year-earlier period.

Total revenue came to ¥13.38 billion, compared with ¥13.43 billion in the prior-year period, and total operating expenses declined year over year to ¥12.65 billion from ¥12.80 billion.

Reported net income fell 25.7% year over year to ¥364.0 million, or ¥79.45 per share, from ¥490.0 million, or ¥106.94 per share.

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