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Twinbird fiscal Q3 profit climbs YOY

Twinbird Corp. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was ¥22.78 per share, a gain from ¥11.39 per share in the third quarter ended Dec. 25, 2013.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥198.8 million, a gain from ¥99.4 million in the third quarter ended Dec. 25, 2013.

The normalized profit margin climbed to 6.1% from 3.1% in the year-earlier period.

Total revenue rose year over year to ¥3.25 billion from ¥3.17 billion, and total operating expenses climbed 8.1% year over year to ¥3.27 billion from ¥3.02 billion.

Reported net income rose 45.2% on an annual basis to ¥167.0 million, or ¥19.14 per share, from ¥115.0 million, or ¥13.18 per share.

As of Jan. 14, US$1 was equivalent to ¥116.84.