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Tenmaya Store fiscal Q3 profit climbs 83.5% YOY

Tenmaya Store Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was ¥23.67 per share, a gain of 83.5% from ¥12.90 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥273.4 million, an increase of 83.5% from ¥149.0 million in the prior-year period.

The normalized profit margin rose to 1.5% from 0.8% in the year-earlier period.

Total revenue declined on an annual basis to ¥17.87 billion from ¥18.58 billion, and total operating expenses declined 5.0% on an annual basis to ¥17.36 billion from ¥18.28 billion.

Reported net income totaled ¥213.0 million, or ¥18.44 per share, compared to a loss of ¥268.0 million, or a loss of ¥23.20 per share, in the prior-year period.

As of Jan. 13, US$1 was equivalent to ¥118.49.