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Taiho Kogyo fiscal Q3 profit climbs 26.9% YOY

Taiho Kogyo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥29.33 per share, an increase of 26.6% from ¥23.16 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥841.0 million, a gain of 26.9% from ¥662.5 million in the year-earlier period.

The normalized profit margin rose to 3.5% from 2.8% in the year-earlier period.

Total revenue increased year over year to ¥23.97 billion from ¥23.38 billion, and total operating expenses climbed from the prior-year period to ¥22.83 billion from ¥22.34 billion.

Reported net income rose 29.3% from the prior-year period to ¥825.1 million, or ¥28.78 per share, from ¥638.3 million, or ¥22.31 per share.

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