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Makiya fiscal Q3 profit climbs 13.8% YOY

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Makiya fiscal Q3 profit climbs 13.8% YOY

Makiya Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥30.55 per share, a gain of 13.8% from ¥26.86 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥305.0 million, an increase of 13.8% from ¥268.1 million in the prior-year period.

The normalized profit margin climbed to 2.0% from 1.8% in the year-earlier period.

Total revenue climbed on an annual basis to ¥15.33 billion from ¥14.90 billion, and total operating expenses climbed year over year to ¥14.91 billion from ¥14.55 billion.

Reported net income grew 20.3% year over year to ¥296.0 million, or ¥29.65 per share, from ¥246.0 million, or ¥24.64 per share.

As of Feb. 6, US$1 was equivalent to ¥119.01.