Kasai Kogyo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥32.98 per share, an increase of 74.0% from ¥18.95 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.25 billion, a gain of 75.9% from ¥709.4 million in the year-earlier period.
The normalized profit margin increased to 2.4% from 1.6% in the year-earlier period.
Total revenue grew 14.2% on an annual basis to ¥51.15 billion from ¥44.78 billion, and total operating expenses rose 13.7% on an annual basis to ¥49.06 billion from ¥43.15 billion.
Reported net income rose year over year to ¥1.20 billion, or ¥31.80 per share, from ¥421.0 million, or ¥11.25 per share.
As of Feb. 9, US$1 was equivalent to ¥118.60.
