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I.K Co. Ltd. fiscal Q3 profit climbs 9.1% YOY

I.K Co. Ltd. said its normalized net income for the fiscal third quarter ended Feb. 28 amounted to ¥10.07 per share, a gain from ¥9.66 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥37.5 million, a gain of 9.1% from ¥34.4 million in the prior-year period.

The normalized profit margin fell to 1.1% from 1.1% in the year-earlier period.

Total revenue increased 9.2% year over year to ¥3.40 billion from ¥3.11 billion, and total operating expenses rose 9.3% from the prior-year period to ¥3.34 billion from ¥3.06 billion.

Reported net income came to ¥27.0 million, or ¥7.25 per share.

As of April 14, US$1 was equivalent to ¥119.09.