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Amagasa fiscal Q3 profit climbs 8.9% YOY

Amagasa Co. Ltd. said its normalized net income for the fiscal third quarter ended Oct. 31 was ¥45.28 per share, a gain of 8.9% from ¥41.60 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥84.4 million, a gain of 8.9% from ¥77.5 million in the year-earlier period.

The normalized profit margin increased to 4.1% from 4.1% in the year-earlier period.

Total revenue grew 6.6% on an annual basis to ¥2.03 billion from ¥1.91 billion, and total operating expenses grew 5.5% on an annual basis to ¥1.89 billion from ¥1.79 billion.

Reported net income increased 9.5% year over year to ¥81.0 million, or ¥43.47 per share, from ¥74.0 million, or ¥39.72 per share.

As of Dec. 12, US$1 was equivalent to ¥118.57.