Subaru Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to ¥145.90 per share, a gain of 61.2% from ¥90.53 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥113.86 billion, an increase of 61.2% from ¥70.65 billion in the prior-year period.
The normalized profit margin rose to 13.9% from 9.4% in the year-earlier period.
Total revenue increased 8.9% year over year to ¥817.15 billion from ¥750.49 billion, and total operating expenses grew from the prior-year period to ¥636.89 billion from ¥626.00 billion.
Reported net income increased 87.0% on an annual basis to ¥144.59 billion, or ¥185.28 per share, from ¥77.33 billion, or ¥99.09 per share.
As of Feb. 10, US$1 was equivalent to ¥114.87.
