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Yamato International fiscal Q3 profit climbs 10.7% YOY

Yamato International Inc. said its normalized net income for the fiscal third quarter ended May 31 came to ¥2.73 per share, a gain of 10.7% from ¥2.46 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥58.1 million, an increase of 10.7% from ¥52.5 million in the year-earlier period.

The normalized profit margin climbed to 1.1% from 0.9% in the year-earlier period.

Total revenue declined 7.5% on an annual basis to ¥5.14 billion from ¥5.55 billion, and total operating expenses fell 7.4% year over year to ¥5.07 billion from ¥5.47 billion.

Reported net income came to ¥18.0 million, or 84 sen per share, compared to a loss of ¥19.0 million, or a loss of 89 sen per share, in the year-earlier period.

As of July 15, US$1 was equivalent to ¥123.95.