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TPR Co. Ltd. fiscal Q3 profit climbs 51.3% YOY

TPR Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥66.91 per share, an increase of 46.1% from ¥45.79 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.37 billion, an increase of 51.3% from ¥1.56 billion in the year-earlier period.

The normalized profit margin increased to 5.8% from 4.2% in the year-earlier period.

Total revenue increased 9.9% on an annual basis to ¥40.79 billion from ¥37.10 billion, and total operating expenses increased 7.7% from the prior-year period to ¥36.46 billion from ¥33.85 billion.

Reported net income rose 70.8% year over year to ¥2.62 billion, or ¥73.97 per share, from ¥1.53 billion, or ¥44.83 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.