Nittan Valve Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥10.15 per share, a gain from ¥2.85 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥293.3 million, an increase from ¥82.4 million in the prior-year period.
The normalized profit margin increased to 2.7% from 0.9% in the year-earlier period.
Total revenue rose 16.9% year over year to ¥10.78 billion from ¥9.22 billion, and total operating expenses increased 10.4% on an annual basis to ¥10.13 billion from ¥9.18 billion.
Reported net income grew on an annual basis to ¥303.0 million, or ¥10.49 per share, from ¥3.0 million, or 10 sen per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
