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Choushimaru fiscal Q3 profit climbs 11.2% YOY

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Choushimaru fiscal Q3 profit climbs 11.2% YOY

Choushimaru Co. Ltd. said its normalized net income for the fiscal third quarter ended Feb. 15 amounted to ¥87.62 per share, a gain of 11.2% from ¥78.80 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥254.4 million, an increase of 11.2% from ¥228.8 million in the prior-year period.

The normalized profit margin climbed to 4.9% from 4.7% in the year-earlier period.

Total revenue rose 8.4% year over year to ¥5.24 billion from ¥4.83 billion, and total operating expenses increased 8.2% year over year to ¥4.84 billion from ¥4.47 billion.

Reported net income rose 44.5% year over year to ¥237.0 million, or ¥81.64 per share, from ¥164.0 million, or ¥56.49 per share.

As of March 31, US$1 was equivalent to ¥119.97.