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Nippon Ski Resort Development posts fiscal Q3 profit

Nippon Ski Resort Development Co. Ltd. said its normalized net income for the fiscal third quarter ended April 30 was ¥446.4 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 17.7%.

Total revenue totaled ¥2.53 billion, and total operating expenses totaled ¥1.73 billion.

Reported net income totaled ¥522.0 million, or ¥66.18 per share.

As of June 12, US$1 was equivalent to ¥123.29.