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Murakami fiscal Q3 profit climbs 41.5% YOY

Murakami Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥79.82 per share, an increase of 41.5% from ¥56.41 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.03 billion, an increase of 41.5% from ¥729.6 million in the prior-year period.

The normalized profit margin rose to 6.3% from 4.9% in the year-earlier period.

Total revenue climbed 11.2% year over year to ¥16.49 billion from ¥14.83 billion, and total operating expenses climbed 9.4% year over year to ¥14.93 billion from ¥13.65 billion.

Reported net income grew 76.9% from the prior-year period to ¥1.28 billion, or ¥98.91 per share, from ¥723.0 million, or ¥55.90 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.