Sanyo Electric Railway Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥32.94 per share, a gain from ¥31.94 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥732.4 million, an increase from ¥710.3 million in the year-earlier period.
The normalized profit margin fell to 5.8% from 6.3% in the year-earlier period.
Total revenue climbed 13.3% year over year to ¥12.69 billion from ¥11.20 billion, and total operating expenses grew 15.0% year over year to ¥11.54 billion from ¥10.04 billion.
Reported net income grew 6.3% on an annual basis to ¥705.0 million, or ¥31.71 per share, from ¥663.0 million, or ¥29.82 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
