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TOA Corp. fiscal Q3 profit climbs 28.1% YOY

TOA Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥24.02 per share, a gain of 28.1% from ¥18.75 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥813.4 million, an increase of 28.1% from ¥634.9 million in the prior-year period.

The normalized profit margin increased to 7.1% from 6.0% in the year-earlier period.

Total revenue increased 8.7% on an annual basis to ¥11.41 billion from ¥10.50 billion, and total operating expenses climbed 8.5% year over year to ¥10.26 billion from ¥9.46 billion.

Reported net income increased 27.5% from the prior-year period to ¥909.0 million, or ¥26.84 per share, from ¥713.0 million, or ¥21.05 per share.

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