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Tohto Suisan fiscal Q3 profit climbs 13.5% YOY

Tohto Suisan Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥120.17 per share, an increase of 13.5% from ¥105.85 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥478.1 million, an increase of 13.5% from ¥421.3 million in the year-earlier period.

The normalized profit margin rose to 1.3% from 1.1% in the year-earlier period.

Total revenue totaled ¥36.89 billion, compared with ¥36.99 billion in the prior-year period, and total operating expenses came to ¥36.22 billion, compared with ¥36.36 billion in the prior-year period.

Reported net income rose 11.1% from the prior-year period to ¥590.0 million, or ¥148.29 per share, from ¥531.0 million, or ¥133.43 per share.

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