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Takihyo fiscal Q3 profit climbs YOY

Takihyo Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to ¥93.36 per share, an increase from ¥90.84 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥880.0 million, a gain from ¥855.0 million in the prior-year period.

The normalized profit margin climbed to 4.0% from 3.6% in the year-earlier period.

Total revenue declined 6.7% year over year to ¥22.12 billion from ¥23.70 billion, and total operating expenses decreased 7.0% year over year to ¥20.78 billion from ¥22.35 billion.

Reported net income fell 39.0% from the prior-year period to ¥520.6 million, or ¥55.23 per share, from ¥853.5 million, or ¥90.68 per share.

As of Jan. 9, US$1 was equivalent to ¥118.86.