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Lion Corp. Q3 profit climbs 49.7% YOY

Lion Corp. said its normalized net income for the third quarter came to ¥10.96 per share, a gain of 49.7% from ¥7.32 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.19 billion, an increase of 49.7% from ¥2.13 billion in the prior-year period.

The normalized profit margin rose to 3.4% from 2.4% in the year-earlier period.

Total revenue increased 5.7% year over year to ¥93.74 billion from ¥88.67 billion, and total operating expenses grew year over year to ¥88.37 billion from ¥85.29 billion.

Reported net income rose 44.3% from the prior-year period to ¥3.54 billion, or ¥12.13 per share, from ¥2.45 billion, or ¥8.41 per share.

As of Nov. 11, US$1 was equivalent to ¥122.91.