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Pietro fiscal Q3 profit climbs YOY

Pietro Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥21.57 per share, an increase from ¥10.73 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥120.6 million, a gain from ¥60.0 million in the prior-year period.

The normalized profit margin rose to 4.9% from 2.5% in the year-earlier period.

Total revenue climbed on an annual basis to ¥2.47 billion from ¥2.38 billion, and total operating expenses came to ¥2.27 billion, compared with ¥2.29 billion in the prior-year period.

Reported net income increased 76.5% on an annual basis to ¥90.0 million, or ¥16.10 per share, from ¥51.0 million, or ¥9.12 per share.

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