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Life Foods fiscal Q3 profit climbs 34.5% YOY

Life Foods Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2015, came to ¥32.68 per share, a gain of 39.5% from ¥23.43 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥100.0 million, a gain of 34.5% from ¥74.4 million in the prior-year period.

The normalized profit margin climbed to 3.1% from 2.4% in the year-earlier period.

Total revenue increased on an annual basis to ¥3.22 billion from ¥3.15 billion, and total operating expenses grew from the prior-year period to ¥3.08 billion from ¥3.04 billion.

Reported net income increased 47.6% year over year to ¥93.0 million, or ¥30.40 per share, from ¥63.0 million, or ¥19.84 per share.

As of Jan. 14, US$1 was equivalent to ¥118.06.