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Nichimo fiscal Q3 profit climbs YOY

Nichimo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥103.15 per share, a gain of 6.5% from ¥96.82 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥357.1 million, an increase from ¥342.8 million in the prior-year period.

The normalized profit margin dropped to 1.1% from 1.1% in the year-earlier period.

Total revenue climbed 10.9% on an annual basis to ¥33.80 billion from ¥30.47 billion, and total operating expenses rose 10.8% from the prior-year period to ¥33.30 billion from ¥30.05 billion.

Reported net income declined 35.4% from the prior-year period to ¥240.5 million, or ¥69.47 per share, from ¥372.0 million, or ¥105.09 per share.

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