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Oomitsu fiscal Q3 profit climbs 92.5% YOY

Oomitsu Co. Ltd. said its normalized net income for the fiscal third quarter ended Feb. 28 came to ¥9.45 per share, an increase of 92.5% from ¥4.91 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥111.9 million, a gain of 92.5% from ¥58.1 million in the prior-year period.

The normalized profit margin climbed to 0.9% from 0.5% in the year-earlier period.

Total revenue increased 8.3% on an annual basis to ¥12.70 billion from ¥11.73 billion, and total operating expenses grew 7.6% year over year to ¥12.53 billion from ¥11.64 billion.

Reported net income totaled ¥117.0 million, or ¥9.88 per share, compared to a loss of ¥40.0 million, or a loss of ¥3.38 per share, in the year-earlier period.

As of May 13, US$1 was equivalent to ¥119.08.