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Ezaki Glico fiscal Q3 profit climbs 51.5% YOY

Ezaki Glico Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥43.35 per share, an increase of 51.5% from ¥28.61 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.84 billion, an increase of 51.5% from ¥1.88 billion in the year-earlier period.

The normalized profit margin climbed to 3.6% from 2.5% in the year-earlier period.

Total revenue climbed year over year to ¥78.47 billion from ¥76.52 billion, and total operating expenses climbed year over year to ¥75.32 billion from ¥74.02 billion.

Reported net income grew 73.2% on an annual basis to ¥3.63 billion, or ¥55.31 per share, from ¥2.09 billion, or ¥31.92 per share.

As of Feb. 2, US$1 was equivalent to ¥117.28.