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Nojima fiscal Q3 profit climbs 22.8% YOY

Nojima Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥31.20 per share, a gain of 6.2% from ¥29.38 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.48 billion, a gain of 22.8% from ¥1.20 billion in the year-earlier period.

The normalized profit margin increased to 2.6% from 2.2% in the year-earlier period.

Total revenue rose 5.1% year over year to ¥56.70 billion from ¥53.95 billion, and total operating expenses increased on an annual basis to ¥54.72 billion from ¥52.48 billion.

Reported net income decreased on an annual basis to ¥1.06 billion, or ¥22.46 per share, from ¥1.11 billion, or ¥27.17 per share.

As of Feb. 9, US$1 was equivalent to ¥118.60.