Ringer Hut Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was ¥17.83 per share, an increase of 89.2% from ¥9.42 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥391.9 million, an increase of 90.6% from ¥205.6 million in the prior-year period.
The normalized profit margin climbed to 4.2% from 2.3% in the year-earlier period.
Total revenue rose 5.0% year over year to ¥9.41 billion from ¥8.96 billion, and total operating expenses climbed on an annual basis to ¥8.80 billion from ¥8.62 billion.
Reported net income rose from the prior-year period to ¥335.0 million, or ¥15.24 per share, from ¥49.0 million, or ¥2.25 per share.
As of Jan. 14, US$1 was equivalent to ¥116.84.
