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Lobtex fiscal Q3 profit climbs 37.4% YOY

Lobtex Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to ¥70.29 per share, a gain of 37.4% from ¥51.15 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥66.1 million, a gain of 37.4% from ¥48.1 million in the year-earlier period.

The normalized profit margin climbed to 4.7% from 3.8% in the year-earlier period.

Total revenue rose 13.0% year over year to ¥1.42 billion from ¥1.26 billion, and total operating expenses rose 11.4% from the prior-year period to ¥1.29 billion from ¥1.16 billion.

Reported net income grew 36.0% from the prior-year period to ¥68.0 million, or ¥72.29 per share, from ¥50.0 million, or ¥53.14 per share.

As of Feb. 10, US$1 was equivalent to ¥114.87.