IZUMI Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was ¥56.56 per share, a gain of 18.7% from ¥47.66 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥4.06 billion, a gain of 16.0% from ¥3.50 billion in the year-earlier period.
The normalized profit margin rose to 2.9% from 2.6% in the year-earlier period.
Total revenue climbed 5.6% year over year to ¥139.71 billion from ¥132.26 billion, and total operating expenses increased 5.0% on an annual basis to ¥132.90 billion from ¥126.59 billion.
Reported net income increased 41.9% on an annual basis to ¥3.88 billion, or ¥54.02 per share, from ¥2.74 billion, or ¥37.21 per share.
As of Jan. 14, US$1 was equivalent to ¥116.84.
