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Kimuratan fiscal Q3 profit climbs YOY

Kimuratan Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 81 Japanese sen per share, an increase from 38 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥64.4 million, a gain from ¥30.0 million in the prior-year period.

The normalized profit margin rose to 4.7% from 2.2% in the year-earlier period.

Total revenue stayed flat year over year at ¥1.37 billion, and total operating expenses decreased on an annual basis to ¥1.27 billion from ¥1.32 billion.

Reported net income increased year over year to ¥101.0 million, or ¥1.28 per share, from ¥47.0 million, or 59 sen per share.

As of Feb. 9, US$1 was equivalent to ¥118.60.