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Tobu Store fiscal Q3 profit climbs YOY

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Tobu Store fiscal Q3 profit climbs YOY

Tobu Store Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to ¥24.10 per share, a gain from ¥11.13 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥163.8 million, an increase from ¥75.6 million in the year-earlier period.

The normalized profit margin rose to 0.8% from 0.4% in the year-earlier period.

Total revenue increased on an annual basis to ¥21.05 billion from ¥20.61 billion, and total operating expenses grew from the prior-year period to ¥20.87 billion from ¥20.56 billion.

Reported net income totaled a loss of ¥182.0 million, or a loss of ¥26.79 per share, compared to income of ¥3.0 million, or 44 sen per share, in the year-earlier period.

As of Jan. 13, US$1 was equivalent to ¥118.49.