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Press Kogyo fiscal Q3 profit climbs 29.7% YOY

Press Kogyo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥16.83 per share, an increase of 29.7% from ¥12.98 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.83 billion, a gain of 29.7% from ¥1.41 billion in the prior-year period.

The normalized profit margin rose to 3.5% from 3.1% in the year-earlier period.

Total revenue rose 14.6% year over year to ¥51.80 billion from ¥45.22 billion, and total operating expenses climbed 15.2% on an annual basis to ¥49.61 billion from ¥43.07 billion.

Reported net income increased 47.4% on an annual basis to ¥1.85 billion, or ¥17.04 per share, from ¥1.26 billion, or ¥11.56 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.