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Nihon Plast fiscal Q3 profit climbs 27.8% YOY

Nihon Plast Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥23.96 per share, an increase of 32.0% from ¥18.16 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥297.4 million, a gain of 27.8% from ¥232.6 million in the prior-year period.

The normalized profit margin climbed to 1.0% from 0.7% in the year-earlier period.

Total revenue decreased 5.3% on an annual basis to ¥29.37 billion from ¥31.02 billion, and total operating expenses decreased on an annual basis to ¥29.00 billion from ¥30.40 billion.

Reported net income grew from the prior-year period to ¥181.0 million, or ¥14.59 per share, from ¥22.0 million, or ¥1.72 per share.

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