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West Japan Railway fiscal Q3 profit climbs 12.0% YOY

West Japan Railway Co. said its normalized net income for the fiscal third quarter ended Dec. 31, 2016, amounted to ¥174.18 per share, a gain of 12.0% from ¥155.50 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥33.72 billion, an increase of 12.0% from ¥30.11 billion in the year-earlier period.

The normalized profit margin climbed to 9.2% from 8.2% in the year-earlier period.

Total revenue totaled ¥365.65 billion, compared with ¥366.41 billion in the prior-year period, and total operating expenses decreased from the prior-year period to ¥306.21 billion from ¥311.31 billion.

Reported net income grew 11.5% on an annual basis to ¥35.43 billion, or ¥183.00 per share, from ¥31.77 billion, or ¥164.07 per share.

As of Feb. 10, US$1 was equivalent to ¥113.57.