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Daikokuten Bussan fiscal Q3 profit climbs 9.4% YOY

Daikokuten Bussan Co. Ltd. said its normalized net income for the fiscal third quarter ended Feb. 28 amounted to ¥64.74 per share, a gain of 9.2% from ¥59.26 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥909.0 million, a gain of 9.4% from ¥831.1 million in the prior-year period.

The normalized profit margin increased to 2.7% from 2.7% in the year-earlier period.

Total revenue grew 7.7% year over year to ¥33.45 billion from ¥31.06 billion, and total operating expenses climbed 7.6% on an annual basis to ¥32.01 billion from ¥29.74 billion.

Reported net income increased 6.3% year over year to ¥828.1 million, or ¥58.98 per share, from ¥779.0 million, or ¥55.55 per share.

As of April 14, US$1 was equivalent to ¥119.09.