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Meiji Holdings fiscal Q3 profit climbs 54.6% YOY

Meiji Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥105.97 per share, a gain of 54.6% from ¥68.53 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥15.60 billion, an increase of 54.6% from ¥10.09 billion in the year-earlier period.

The normalized profit margin climbed to 5.0% from 3.4% in the year-earlier period.

Total revenue climbed on an annual basis to ¥309.56 billion from ¥299.48 billion, and total operating expenses came to ¥285.60 billion, compared with ¥283.68 billion in the prior-year period.

Reported net income rose 83.6% from the prior-year period to ¥16.97 billion, or ¥115.23 per share, from ¥9.24 billion, or ¥62.74 per share.

As of Feb. 9, US$1 was equivalent to ¥118.60.