Hard Off Corp. Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥27.12 per share, a gain of 28.3% from ¥21.13 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥365.6 million, an increase of 28.3% from ¥285.0 million in the prior-year period.
The normalized profit margin climbed to 8.3% from 8.0% in the year-earlier period.
Total revenue grew 24.3% on an annual basis to ¥4.43 billion from ¥3.56 billion, and total operating expenses increased 25.1% on an annual basis to ¥3.89 billion from ¥3.11 billion.
Reported net income increased 38.4% year over year to ¥364.0 million, or ¥27.00 per share, from ¥263.0 million, or ¥19.50 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
