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Seiko Holdings fiscal Q3 profit climbs 17.6% YOY

Seiko Holdings Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥76.72 per share, a gain of 17.6% from ¥65.25 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.17 billion, a gain of 17.6% from ¥2.70 billion in the year-earlier period.

The normalized profit margin rose to 4.0% from 3.4% in the year-earlier period.

Total revenue came to ¥79.42 billion, compared with ¥79.03 billion in the prior-year period, and total operating expenses grew year over year to ¥75.51 billion from ¥74.33 billion.

Reported net income rose on an annual basis to ¥10.74 billion, or ¥259.98 per share, from ¥2.37 billion, or ¥57.27 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.