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G.taste fiscal Q3 profit climbs 9.2% YOY

G.taste Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 89 Japanese sen per share, an increase of 53.8% from 58 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥215.0 million, an increase of 9.2% from ¥196.9 million in the prior-year period.

The normalized profit margin increased to 2.9% from 2.7% in the year-earlier period.

Total revenue rose on an annual basis to ¥7.48 billion from ¥7.39 billion, and total operating expenses totaled ¥7.12 billion, compared with ¥7.07 billion in the prior-year period.

Reported net income rose 56.1% on an annual basis to ¥325.3 million, or ¥1.34 per share, from ¥208.4 million, or 61 sen per share.

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