Bell-Park Co.Ltd. said its normalized net income for the third quarter came to ¥59.89 per share, a gain of 55.1% from ¥38.60 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥388.8 million, a gain of 55.5% from ¥250.0 million in the year-earlier period.

The normalized profit margin rose to 1.9% from 1.2% in the year-earlier period.

Total revenue decreased on an annual basis to ¥20.74 billion from ¥21.49 billion, and total operating expenses fell 4.9% on an annual basis to ¥20.13 billion from ¥21.18 billion.

Reported net income increased 27.2% on an annual basis to ¥333.9 million, or ¥51.44 per share, from ¥262.4 million, or ¥40.52 per share.

As of Nov. 10, US$1 was equivalent to ¥123.26.