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Asahimatsu Foods fiscal Q3 profit climbs YOY

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Asahimatsu Foods fiscal Q3 profit climbs YOY

Asahimatsu Foods Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥7.37 per share, an increase from 89 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥67.5 million, a gain from ¥8.1 million in the year-earlier period.

The normalized profit margin increased to 2.4% from 0.3% in the year-earlier period.

Total revenue decreased 9.1% year over year to ¥2.79 billion from ¥3.07 billion, and total operating expenses fell 12.2% year over year to ¥2.69 billion from ¥3.07 billion.

Reported net income increased on an annual basis to ¥293.0 million, or ¥32.00 per share, from ¥7.0 million, or 76 sen per share.

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