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Toho fiscal Q3 profit climbs 67.3% YOY

Toho Co. Ltd. said its normalized net income for the fiscal third quarter ended Oct. 31 came to ¥37.42 per share, an increase of 67.3% from ¥22.37 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥408.6 million, a gain of 67.3% from ¥244.3 million in the prior-year period.

The normalized profit margin increased to 0.8% from 0.5% in the year-earlier period.

Total revenue climbed on an annual basis to ¥52.35 billion from ¥50.51 billion, and total operating expenses climbed year over year to ¥51.66 billion from ¥50.08 billion.

Reported net income rose 32.7% on an annual basis to ¥199.0 million, or ¥18.23 per share, from ¥150.0 million, or ¥13.74 per share.

As of Dec. 12, US$1 was equivalent to ¥118.57.