Tokyotokeiba Co. Ltd. said its third-quarter normalized net income came to ¥50.09 per share, a gain of 6.2% from ¥47.18 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.43 billion, an increase of 6.2% from ¥1.35 billion in the prior-year period.

The normalized profit margin fell to 22.3% from 22.3% in the year-earlier period.

Total revenue rose 6.3% on an annual basis to ¥6.42 billion from ¥6.04 billion, and total operating expenses rose 6.5% year over year to ¥4.12 billion from ¥3.87 billion.

Reported net income increased 11.4% on an annual basis to ¥1.40 billion, or ¥49.10 per share, from ¥1.26 billion, or ¥44.06 per share.

As of Nov. 10, US$1 was equivalent to ¥106.38.