Nisshin Seifun Group Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥17.84 per share, a gain from ¥17.22 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.37 billion, an increase from ¥5.18 billion in the year-earlier period.
The normalized profit margin dropped to 3.8% from 4.0% in the year-earlier period.
Total revenue grew 7.6% year over year to ¥140.55 billion from ¥130.67 billion, and total operating expenses rose 8.3% on an annual basis to ¥133.40 billion from ¥123.17 billion.
Reported net income grew 14.3% on an annual basis to ¥5.93 billion, or ¥19.67 per share, from ¥5.18 billion, or ¥17.23 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
