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Cocokara fine profit holds relatively steady YOY in fiscal Q3

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Cocokara fine profit holds relatively steady YOY in fiscal Q3

cocokara fine Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥64.65 per share, compared with ¥64.45 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.64 billion, compared with ¥1.64 billion in the prior-year period.

The normalized profit margin declined to 1.8% from 1.9% in the year-earlier period.

Total revenue increased 7.0% year over year to ¥92.67 billion from ¥86.61 billion, and total operating expenses climbed 7.2% year over year to ¥90.62 billion from ¥84.56 billion.

Reported net income declined 20.7% year over year to ¥1.44 billion, or ¥56.61 per share, from ¥1.81 billion, or ¥71.35 per share.

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