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Genky Stores fiscal Q3 profit climbs 63.5% YOY

Genky Stores Inc. said its normalized net income for the fiscal third quarter ended March 20 amounted to ¥31.97 per share, a gain of 62.2% from ¥19.71 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥450.6 million, a gain of 63.5% from ¥275.6 million in the year-earlier period.

The normalized profit margin climbed to 3.0% from 1.9% in the year-earlier period.

Total revenue rose 5.0% year over year to ¥15.05 billion from ¥14.34 billion, and total operating expenses rose from the prior-year period to ¥14.36 billion from ¥13.91 billion.

Reported net income increased 72.2% year over year to ¥439.7 million, or ¥31.19 per share, from ¥255.3 million, or ¥18.25 per share.

As of April 28, US$1 was equivalent to ¥118.81.