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Kakiyasu Honten fiscal Q3 profit climbs 25.1% YOY

Kakiyasu Honten Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, came to ¥24.16 per share, a gain of 29.3% from ¥18.69 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥286.3 million, a gain of 25.1% from ¥228.8 million in the prior-year period.

The normalized profit margin rose to 2.8% from 2.2% in the year-earlier period.

Total revenue totaled ¥10.10 billion, compared with ¥10.19 billion in the prior-year period, and total operating expenses fell on an annual basis to ¥9.65 billion from ¥9.83 billion.

Reported net income grew from the prior-year period to ¥175.0 million, or ¥14.77 per share, from ¥172.0 million, or ¥14.05 per share.

As of Jan. 13, US$1 was equivalent to ¥118.49.