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West Japan Railway fiscal Q3 profit climbs 15.6% YOY

West Japan Railway Co. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥148.94 per share, a gain of 15.6% from ¥128.82 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥28.84 billion, an increase of 15.6% from ¥24.95 billion in the prior-year period.

The normalized profit margin increased to 8.4% from 7.3% in the year-earlier period.

Total revenue came to ¥345.29 billion, compared with ¥343.75 billion in the year-earlier period, and total operating expenses fell year over year to ¥293.15 billion from ¥297.70 billion.

Reported net income rose 5.6% from the prior-year period to ¥25.26 billion, or ¥130.46 per share, from ¥23.92 billion, or ¥123.55 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.