Ifuji Sangyo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was ¥20.41 per share, a gain of 34.7% from ¥15.15 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥170.0 million, an increase of 34.7% from ¥126.3 million in the year-earlier period.

The normalized profit margin increased to 4.0% from 3.3% in the year-earlier period.

Total revenue climbed 10.9% on an annual basis to ¥4.27 billion from ¥3.85 billion, and total operating expenses increased 9.5% on an annual basis to ¥4.00 billion from ¥3.65 billion.

Reported net income decreased year over year to ¥181.0 million, or ¥21.73 per share, from ¥185.0 million, or ¥22.20 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.