BRONCO BILLY Co. LTD. said its normalized net income for the third quarter amounted to ¥32.02 per share, a gain from ¥13.75 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥482.5 million, a gain of 16.4% from ¥414.4 million in the year-earlier period.

The normalized profit margin increased to 10.2% from 10.1% in the year-earlier period.

Total revenue climbed 14.9% year over year to ¥4.72 billion from ¥4.11 billion, and total operating expenses grew 15.0% on an annual basis to ¥3.96 billion from ¥3.45 billion.

Reported net income grew 17.5% on an annual basis to ¥504.0 million, or ¥33.44 per share, from ¥429.0 million, or ¥14.23 per share.

As of Oct. 25, US$1 was equivalent to ¥104.59.