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Edion fiscal Q3 profit climbs YOY

Edion Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥12.86 per share, a gain from ¥5.82 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.54 billion, a gain from ¥638.8 million in the year-earlier period.

The normalized profit margin rose to 0.8% from 0.3% in the year-earlier period.

Total revenue declined 6.7% year over year to ¥182.86 billion from ¥195.96 billion, and total operating expenses decreased 7.5% on an annual basis to ¥180.40 billion from ¥194.92 billion.

Reported net income rose from the prior-year period to ¥1.20 billion, or ¥10.00 per share, from ¥230.5 million, or ¥2.10 per share.

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