JP-Holdings Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥4.23 per share, an increase of 27.5% from ¥3.32 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥353.1 million, an increase of 27.5% from ¥276.9 million in the prior-year period.
The normalized profit margin climbed to 7.7% from 6.9% in the year-earlier period.
Total revenue climbed 14.0% year over year to ¥4.59 billion from ¥4.03 billion, and total operating expenses rose 12.6% from the prior-year period to ¥4.04 billion from ¥3.59 billion.
Reported net income rose 41.0% on an annual basis to ¥351.0 million, or ¥4.21 per share, from ¥249.0 million, or ¥2.98 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
