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Kyoto Kimono Yuzen fiscal Q3 profit climbs YOY

Kyoto Kimono Yuzen Co.Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to ¥10.05 per share, an increase from ¥4.71 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥120.0 million, a gain from ¥56.3 million in the prior-year period.

The normalized profit margin increased to 3.8% from 1.7% in the year-earlier period.

Total revenue declined 5.7% year over year to ¥3.20 billion from ¥3.39 billion, and total operating expenses declined 8.6% year over year to ¥3.04 billion from ¥3.33 billion.

Reported net income increased from the prior-year period to ¥117.0 million, or ¥9.80 per share, from ¥55.0 million, or ¥4.61 per share.

As of Feb. 3, US$1 was equivalent to ¥118.06.