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Sato Foods posts fiscal Q3 profit

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Sato Foods posts fiscal Q3 profit

Sato Foods Co. Ltd. said its normalized net income for the fiscal third quarter ended Jan. 31 came to ¥994.4 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 5.8%.

Total revenue came to ¥17.01 billion, and total operating expenses came to ¥15.41 billion.

Reported net income totaled ¥1.00 billion, or ¥208.37 per share.

As of March 17, US$1 was equivalent to ¥121.28.