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Zoa Corp. fiscal Q3 profit climbs 9.3% YOY

Zoa Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥17.70 per share, a gain from ¥5.44 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥36.9 million, an increase of 9.3% from ¥33.8 million in the year-earlier period.

The normalized profit margin rose to 1.7% from 1.0% in the year-earlier period.

Total revenue decreased 37.9% on an annual basis to ¥2.19 billion from ¥3.54 billion, and total operating expenses fell 38.6% from the prior-year period to ¥2.14 billion from ¥3.48 billion.

Reported net income grew 8.6% on an annual basis to ¥38.0 million, or ¥18.24 per share, from ¥35.0 million, or ¥5.64 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.