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.
