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Ashimori Industry fiscal Q3 profit climbs YOY

Ashimori Industry Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥59.18 per share, an increase from ¥23.03 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥358.4 million, a gain from ¥130.5 million in the year-earlier period.

The normalized profit margin climbed to 2.9% from 1.1% in the year-earlier period.

Total revenue rose 8.5% on an annual basis to ¥12.48 billion from ¥11.51 billion, and total operating expenses increased 8.1% from the prior-year period to ¥12.15 billion from ¥11.23 billion.

Reported net income increased from the prior-year period to ¥531.0 million, or ¥87.69 per share, from ¥167.0 million, or ¥29.47 per share.

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