NH Foods Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥63.65 per share, a gain of 29.0% from ¥49.34 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥13.83 billion, an increase of 26.2% from ¥10.96 billion in the prior-year period.
The normalized profit margin rose to 4.0% from 3.5% in the year-earlier period.
Total revenue climbed 9.5% on an annual basis to ¥345.17 billion from ¥315.34 billion, and total operating expenses grew 8.8% year over year to ¥323.56 billion from ¥297.48 billion.
Reported net income rose 36.4% on an annual basis to ¥15.74 billion, or ¥72.41 per share, from ¥11.54 billion, or ¥51.94 per share.
As of Feb. 5, US$1 was equivalent to ¥117.45.
