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ARTE Salon Holdings Q3 profit climbs 75.0% YOY

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ARTE Salon Holdings Q3 profit climbs 75.0% YOY

ARTE Salon Holdings Inc. said its normalized net income for the third quarter was ¥6.09 per share, an increase of 75.0% from ¥3.48 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥61.3 million, a gain of 75.0% from ¥35.0 million in the year-earlier period.

The normalized profit margin increased to 3.4% from 2.0% in the year-earlier period.

Total revenue climbed year over year to ¥1.80 billion from ¥1.74 billion, and total operating expenses climbed year over year to ¥1.73 billion from ¥1.68 billion.

Reported net income rose on an annual basis to ¥63.0 million, or ¥6.27 per share, from ¥16.0 million, or ¥1.59 per share.

As of Nov. 14, US$1 was equivalent to ¥108.46.