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Keihin fiscal Q3 profit climbs 28.8% YOY

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Keihin fiscal Q3 profit climbs 28.8% YOY

Keihin Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥53.06 per share, a gain of 28.8% from ¥41.19 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.92 billion, a gain of 28.8% from ¥3.05 billion in the year-earlier period.

The normalized profit margin climbed to 4.6% from 3.4% in the year-earlier period.

Total revenue declined on an annual basis to ¥85.65 billion from ¥89.80 billion, and total operating expenses decreased 6.7% from the prior-year period to ¥78.09 billion from ¥83.69 billion.

Reported net income increased 21.7% from the prior-year period to ¥4.47 billion, or ¥60.51 per share, from ¥3.68 billion, or ¥49.73 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.