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Maruman & Co. fiscal Q3 profit climbs YOY

Maruman & Co. Ltd. said its normalized net income for the fiscal third quarter ended June 30 came to ¥8.67 per share, a gain from ¥1.58 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥106.3 million, an increase from ¥19.4 million in the year-earlier period.

The normalized profit margin climbed to 6.2% from 1.2% in the year-earlier period.

Total revenue increased 8.6% on an annual basis to ¥1.70 billion from ¥1.57 billion, and total operating expenses came to ¥1.52 billion, compared with ¥1.50 billion in the prior-year period.

Reported net income increased from the prior-year period to ¥167.0 million, or ¥13.63 per share, from ¥28.0 million, or ¥2.29 per share.

As of Aug. 10, US$1 was equivalent to ¥101.31.