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Himaraya Co. fiscal Q3 profit climbs 48.7% YOY

Himaraya Co. Ltd. said its normalized net income for the fiscal third quarter ended May 31 was ¥57.27 per share, an increase of 48.7% from ¥38.50 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥705.6 million, an increase of 48.7% from ¥474.4 million in the prior-year period.

The normalized profit margin increased to 3.5% from 2.5% in the year-earlier period.

Total revenue increased 7.1% on an annual basis to ¥20.23 billion from ¥18.88 billion, and total operating expenses grew 5.4% from the prior-year period to ¥19.11 billion from ¥18.14 billion.

Reported net income grew 52.4% year over year to ¥637.0 million, or ¥51.70 per share, from ¥418.0 million, or ¥33.93 per share.

As of July 13, US$1 was equivalent to ¥123.47.