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Saibo fiscal Q3 profit climbs 53.0% YOY

Saibo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥18.66 per share, an increase of 53.6% from ¥12.14 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥248.5 million, a gain of 53.0% from ¥162.4 million in the prior-year period.

The normalized profit margin rose to 12.2% from 8.0% in the year-earlier period.

Total revenue came to ¥2.03 billion, compared with ¥2.03 billion in the year-earlier period, and total operating expenses fell from the prior-year period to ¥1.70 billion from ¥1.74 billion.

Reported net income increased year over year to ¥260.8 million, or ¥19.58 per share, from ¥105.3 million, or ¥7.87 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.