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Kuraudia fiscal Q3 profit climbs 14.0% YOY

Kuraudia Co. Ltd. said its normalized net income for the fiscal third quarter ended May 31 came to ¥28.27 per share, an increase of 16.6% from ¥24.25 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥245.0 million, an increase of 14.0% from ¥215.0 million in the prior-year period.

The normalized profit margin climbed to 7.0% from 6.5% in the year-earlier period.

Total revenue grew 6.0% on an annual basis to ¥3.52 billion from ¥3.32 billion, and total operating expenses climbed from the prior-year period to ¥3.12 billion from ¥2.98 billion.

Reported net income fell 12.0% from the prior-year period to ¥301.0 million, or ¥34.73 per share, from ¥342.0 million, or ¥38.57 per share.

As of July 15, US$1 was equivalent to ¥105.85.