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Gakkyusha fiscal Q3 profit climbs 10.0% YOY

Gakkyusha Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥49.84 per share, an increase of 10.2% from ¥45.22 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥533.4 million, an increase of 10.0% from ¥485.0 million in the prior-year period.

The normalized profit margin climbed to 18.4% from 18.1% in the year-earlier period.

Total revenue rose 8.4% year over year to ¥2.90 billion from ¥2.68 billion, and total operating expenses increased 8.0% from the prior-year period to ¥2.06 billion from ¥1.90 billion.

Reported net income increased 17.8% year over year to ¥549.0 million, or ¥51.30 per share, from ¥466.0 million, or ¥43.45 per share.

As of Feb. 9, US$1 was equivalent to ¥118.60.