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Central Japan Railway fiscal Q3 profit climbs 8.7% YOY


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Central Japan Railway fiscal Q3 profit climbs 8.7% YOY

Central Japan Railway Co. said its normalized net income for the fiscal third quarter ended Dec. 31, 2016, came to ¥527.84 per share, a gain of 8.7% from ¥485.48 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥103.88 billion, an increase of 8.7% from ¥95.54 billion in the prior-year period.

The normalized profit margin climbed to 23.0% from 21.1% in the year-earlier period.

Total revenue totaled ¥452.10 billion, compared with ¥451.93 billion in the year-earlier period, and total operating expenses declined from the prior-year period to ¥271.99 billion from ¥285.15 billion.

Reported net income increased 11.0% from the prior-year period to ¥116.14 billion, or ¥590.13 per share, from ¥104.66 billion, or ¥531.80 per share.

As of Feb. 8, US$1 was equivalent to ¥111.80.