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Hachi-Ban fiscal Q3 profit climbs 16.4% YOY

Hachi-Ban Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 20, 2014, amounted to ¥19.23 per share, an increase of 6.2% from ¥18.11 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥61.1 million, a gain of 16.4% from ¥52.5 million in the year-earlier period.

The normalized profit margin climbed to 3.5% from 3.3% in the year-earlier period.

Total revenue rose 9.8% year over year to ¥1.74 billion from ¥1.58 billion, and total operating expenses increased 9.7% from the prior-year period to ¥1.65 billion from ¥1.50 billion.

Reported net income rose 15.6% from the prior-year period to ¥52.0 million, or ¥16.36 per share, from ¥45.0 million, or ¥15.52 per share.

As of Jan. 27, US$1 was equivalent to ¥117.52.