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Ginza Yamagataya fiscal Q3 profit climbs 13.3% YOY

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Ginza Yamagataya fiscal Q3 profit climbs 13.3% YOY

Ginza Yamagataya Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥98.50 per share, a gain of 13.4% from ¥86.89 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥170.0 million, an increase of 13.3% from ¥150.0 million in the year-earlier period.

The normalized profit margin rose to 11.0% from 10.6% in the year-earlier period.

Total revenue increased 8.6% year over year to ¥1.54 billion from ¥1.42 billion, and total operating expenses climbed 7.6% year over year to ¥1.28 billion from ¥1.19 billion.

Reported net income grew 5.0% on an annual basis to ¥233.0 million, or ¥135.00 per share, from ¥222.0 million, or ¥128.60 per share.

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