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Mikuni fiscal Q3 profit climbs YOY

Mikuni Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥22.66 per share, a gain from ¥22.41 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥767.4 million, a gain from ¥759.3 million in the year-earlier period.

The normalized profit margin fell to 3.1% from 3.2% in the year-earlier period.

Total revenue grew year over year to ¥24.54 billion from ¥24.08 billion, and total operating expenses grew on an annual basis to ¥23.17 billion from ¥22.85 billion.

Reported net income fell 17.8% year over year to ¥676.0 million, or ¥19.96 per share, from ¥822.0 million, or ¥24.26 per share.

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