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Inageya fiscal Q3 profit climbs 87.3% YOY

Inageya Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥21.38 per share, an increase of 87.3% from ¥11.41 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥992.9 million, a gain of 87.3% from ¥530.0 million in the year-earlier period.

The normalized profit margin climbed to 1.6% from 0.9% in the year-earlier period.

Total revenue rose 5.6% year over year to ¥63.90 billion from ¥60.50 billion, and total operating expenses increased on an annual basis to ¥62.40 billion from ¥59.71 billion.

Reported net income rose 90.1% from the prior-year period to ¥996.0 million, or ¥21.45 per share, from ¥524.0 million, or ¥11.28 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.