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Sac's Bar fiscal Q3 profit climbs 20.2% YOY

Sac's Bar Holdings Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥23.52 per share, an increase of 20.2% from ¥19.56 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥685.0 million, an increase of 20.2% from ¥570.0 million in the prior-year period.

The normalized profit margin climbed to 5.1% from 4.6% in the year-earlier period.

Total revenue grew 8.1% year over year to ¥13.34 billion from ¥12.34 billion, and total operating expenses rose 7.1% from the prior-year period to ¥12.24 billion from ¥11.43 billion.

Reported net income grew 26.6% year over year to ¥630.3 million, or ¥21.64 per share, from ¥497.6 million, or ¥17.08 per share.

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