Yamaha Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥35.06 per share, a gain of 21.9% from ¥28.75 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.79 billion, a gain of 21.9% from ¥5.57 billion in the prior-year period.
The normalized profit margin rose to 5.8% from 5.0% in the year-earlier period.
Total revenue grew 5.3% year over year to ¥116.86 billion from ¥111.00 billion, and total operating expenses rose from the prior-year period to ¥106.23 billion from ¥101.90 billion.
Reported net income increased 51.7% year over year to ¥9.91 billion, or ¥51.20 per share, from ¥6.54 billion, or ¥33.75 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
