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Ifuji Sangyo fiscal Q3 profit climbs YOY

Ifuji Sangyo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥15.15 per share, a gain from ¥1.50 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥126.3 million, an increase from ¥12.5 million in the year-earlier period.

The normalized profit margin rose to 3.3% from 0.3% in the year-earlier period.

Total revenue came to ¥3.85 billion, compared with ¥3.84 billion in the prior-year period, and total operating expenses declined on an annual basis to ¥3.65 billion from ¥3.83 billion.

Reported net income grew on an annual basis to ¥185.0 million, or ¥22.20 per share, from ¥14.0 million, or ¥1.68 per share.

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