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Adastria fiscal Q3 profit climbs YOY

Adastria Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to ¥49.42 per share, a gain from ¥19.82 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.40 billion, an increase from ¥946.3 million in the prior-year period.

The normalized profit margin rose to 5.3% from 2.3% in the year-earlier period.

Total revenue increased 10.3% year over year to ¥45.66 billion from ¥41.40 billion, and total operating expenses climbed 5.7% year over year to ¥42.08 billion from ¥39.80 billion.

Reported net income came to ¥1.10 billion, or ¥22.66 per share, compared to a loss of ¥127.3 million, or a loss of ¥2.67 per share, in the year-earlier period.

As of Jan. 14, US$1 was equivalent to ¥116.84.