Meito Sangyo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥13.81 per share, an increase of 23.8% from ¥11.16 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥232.5 million, a gain of 24.0% from ¥187.5 million in the prior-year period.
The normalized profit margin increased to 3.9% from 3.3% in the year-earlier period.
Total revenue rose on an annual basis to ¥5.91 billion from ¥5.69 billion, and total operating expenses climbed year over year to ¥5.75 billion from ¥5.68 billion.
Reported net income came to ¥235.5 million, or ¥13.99 per share, compared to a loss of ¥160.0 million, or a loss of ¥9.52 per share, in the year-earlier period.
As of Feb. 13, US$1 was equivalent to ¥118.68.
