Rizap Group Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥3.11 per share, a gain of 43.6% from ¥2.17 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥768.6 million, a gain of 43.6% from ¥535.3 million in the prior-year period.
The normalized profit margin dropped to 7.7% from 8.5% in the year-earlier period.
Total revenue climbed 58.2% year over year to ¥9.95 billion from ¥6.29 billion, and total operating expenses climbed 60.1% year over year to ¥8.63 billion from ¥5.39 billion.
Reported net income increased 80.5% on an annual basis to ¥951.0 million, or ¥3.85 per share, from ¥527.0 million, or ¥2.13 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
