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Yomeishu Seizo fiscal Q3 profit climbs 10.9% YOY

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Yomeishu Seizo fiscal Q3 profit climbs 10.9% YOY

Yomeishu Seizo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥54.92 per share, an increase of 20.1% from ¥45.71 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥752.5 million, an increase of 10.9% from ¥678.8 million in the year-earlier period.

The normalized profit margin climbed to 17.9% from 16.6% in the year-earlier period.

Total revenue grew on an annual basis to ¥4.20 billion from ¥4.08 billion, and total operating expenses came to ¥3.10 billion, compared with ¥3.08 billion in the year-earlier period.

Reported net income decreased 45.5% year over year to ¥778.0 million, or ¥56.78 per share, from ¥1.43 billion, or ¥96.18 per share.

As of Jan. 30, US$1 was equivalent to ¥117.42.