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Ahjikan fiscal Q3 profit climbs 8.9% YOY

Ahjikan Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥16.10 per share, an increase of 8.9% from ¥14.78 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥122.5 million, an increase of 8.9% from ¥112.5 million in the prior-year period.

The normalized profit margin rose to 1.2% from 1.2% in the year-earlier period.

Total revenue increased year over year to ¥10.04 billion from ¥9.75 billion, and total operating expenses grew on an annual basis to ¥9.88 billion from ¥9.58 billion.

Reported net income grew 28.1% from the prior-year period to ¥219.0 million, or ¥28.77 per share, from ¥171.0 million, or ¥22.47 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.