trending Market Intelligence /marketintelligence/en/news-insights/trending/xJ5pW5KTFXmwLQmap5RXsw2 content esgSubNav
In This List

Mitsuba fiscal Q3 profit climbs 12.4% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Mitsuba fiscal Q3 profit climbs 12.4% YOY

Mitsuba Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥114.17 per share, a gain of 12.4% from ¥101.56 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.11 billion, an increase of 12.4% from ¥4.55 billion in the prior-year period.

The normalized profit margin climbed to 6.9% from 6.5% in the year-earlier period.

Total revenue grew 6.2% on an annual basis to ¥74.33 billion from ¥69.98 billion, and total operating expenses rose 6.3% year over year to ¥68.31 billion from ¥64.24 billion.

Reported net income declined 47.0% from the prior-year period to ¥5.59 billion, or ¥124.84 per share, from ¥10.54 billion, or ¥235.57 per share.

As of Feb. 6, US$1 was equivalent to ¥119.01.