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Ohashi Technica fiscal Q3 profit climbs 5.8% YOY

Ohashi Technica Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥41.45 per share, a gain of 10.7% from ¥37.45 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥630.3 million, a gain of 5.8% from ¥595.9 million in the year-earlier period.

The normalized profit margin rose to 6.3% from 6.1% in the year-earlier period.

Total revenue totaled ¥9.94 billion, compared with ¥9.85 billion in the year-earlier period, and total operating expenses came to ¥8.95 billion, compared with ¥8.90 billion in the year-earlier period.

Reported net income rose 22.4% year over year to ¥678.0 million, or ¥44.59 per share, from ¥554.0 million, or ¥34.82 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.