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Daisui fiscal Q3 profit climbs 78.6% YOY

Daisui Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥20.90 per share, a gain of 78.6% from ¥11.70 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥286.9 million, an increase of 78.6% from ¥160.6 million in the year-earlier period.

The normalized profit margin increased to 0.7% from 0.4% in the year-earlier period.

Total revenue climbed year over year to ¥40.43 billion from ¥39.58 billion, and total operating expenses grew from the prior-year period to ¥40.00 billion from ¥39.36 billion.

Reported net income increased on an annual basis to ¥413.0 million, or ¥30.08 per share, from ¥155.0 million, or ¥11.29 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.