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SK Japan fiscal Q3 profit climbs 38.5% YOY

SK Japan Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2015, came to ¥5.44 per share, an increase of 37.7% from ¥3.95 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥45.0 million, an increase of 38.5% from ¥32.5 million in the prior-year period.

The normalized profit margin climbed to 3.4% from 2.2% in the year-earlier period.

Total revenue fell 11.5% year over year to ¥1.33 billion from ¥1.50 billion, and total operating expenses declined 13.8% from the prior-year period to ¥1.25 billion from ¥1.45 billion.

Reported net income came to ¥73.7 million, or ¥8.85 per share, compared to a loss of ¥3.0 million, or a loss of 36 sen per share, in the prior-year period.

As of Jan. 14, US$1 was equivalent to ¥118.06.