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Watahan & Co. posts fiscal Q3 profit

Watahan & Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥325.6 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 1.4%.

Total revenue totaled ¥23.23 billion, and total operating expenses totaled ¥22.70 billion.

Reported net income totaled ¥344.0 million, or ¥41.70 per share.

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