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USS Co. fiscal Q3 profit climbs YOY

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USS Co. fiscal Q3 profit climbs YOY

USS Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥20.39 per share, compared with ¥20.20 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.28 billion, compared with ¥5.25 billion in the prior-year period.

The normalized profit margin rose to 31.5% from 31.1% in the year-earlier period.

Total revenue came to ¥16.76 billion, compared with ¥16.87 billion in the year-earlier period, and total operating expenses decreased on an annual basis to ¥8.44 billion from ¥8.56 billion.

Reported net income increased 6.7% year over year to ¥5.37 billion, or ¥20.75 per share, from ¥5.04 billion, or ¥19.39 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.