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Ohsho Food Service fiscal Q3 profit climbs YOY

Ohsho Food Service Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥63.03 per share, a gain of 5.0% from ¥60.00 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.24 billion, an increase from ¥1.21 billion in the prior-year period.

The normalized profit margin rose to 6.4% from 6.2% in the year-earlier period.

Total revenue totaled ¥19.34 billion, compared with ¥19.50 billion in the year-earlier period, and total operating expenses decreased from the prior-year period to ¥17.42 billion from ¥17.61 billion.

Reported net income totaled ¥1.19 billion, or ¥60.60 per share, compared to ¥1.18 billion, or ¥58.65 per share, in the prior-year period.

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