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Nissei Build Kogyo fiscal Q3 profit climbs 27.5% YOY

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Nissei Build Kogyo fiscal Q3 profit climbs 27.5% YOY

Nissei Build Kogyo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥16.81 per share, a gain of 30.9% from ¥12.85 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥544.4 million, an increase of 27.5% from ¥426.9 million in the prior-year period.

The normalized profit margin increased to 4.9% from 3.8% in the year-earlier period.

Total revenue totaled ¥11.13 billion, compared with ¥11.22 billion in the year-earlier period, and total operating expenses declined from the prior-year period to ¥10.28 billion from ¥10.57 billion.

Reported net income grew 36.1% year over year to ¥525.4 million, or ¥16.23 per share, from ¥386.0 million, or ¥11.62 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.