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Escrit fiscal Q3 profit climbs 43.2% YOY

Escrit Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥80.77 per share, an increase of 40.3% from ¥57.57 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥979.4 million, an increase of 43.2% from ¥683.8 million in the prior-year period.

The normalized profit margin increased to 13.0% from 12.1% in the year-earlier period.

Total revenue rose 33.8% on an annual basis to ¥7.53 billion from ¥5.63 billion, and total operating expenses rose 31.9% from the prior-year period to ¥5.96 billion from ¥4.52 billion.

Reported net income rose 39.9% from the prior-year period to ¥980.7 million, or ¥80.88 per share, from ¥700.9 million, or ¥59.01 per share.

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