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Yorozu fiscal Q3 profit climbs 27.1% YOY

Yorozu Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥88.01 per share, an increase from ¥85.13 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.20 billion, an increase of 27.1% from ¥1.73 billion in the year-earlier period.

The normalized profit margin climbed to 6.3% from 5.1% in the year-earlier period.

Total revenue grew year over year to ¥34.70 billion from ¥34.04 billion, and total operating expenses grew on an annual basis to ¥33.47 billion from ¥32.01 billion.

Reported net income grew 13.5% from the prior-year period to ¥1.95 billion, or ¥78.14 per share, from ¥1.72 billion, or ¥84.61 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.