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Kurabo Industries fiscal Q3 profit climbs YOY

Kurabo Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥3.35 per share, a gain from 59 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 ¥773.4 million, a gain from ¥137.0 million in the prior-year period.

The normalized profit margin rose to 1.9% from 0.3% in the year-earlier period.

Total revenue decreased on an annual basis to ¥40.97 billion from ¥41.64 billion, and total operating expenses declined on an annual basis to ¥40.24 billion from ¥41.60 billion.

Reported net income grew year over year to ¥529.0 million, or ¥2.29 per share, from ¥157.0 million, or 68 sen per share.

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