Net income jumped almost twenty-fold in the Japanese distributor and equipment maker’s fiscal third quarter ended Dec. 31, to ¥2,102 million ($13.8 mm), benefitting from a ¥2,952 million gain on sales of investment securities, up from ¥108 million, on revenues that improved 7% to ¥12,713 million ($83.4 mm) from ¥11,890 million. The wholesale business grew 7% to ¥12,289 million, while the small manufacturing, retail, and facilities segment was down 6% to ¥429 million. ... Log in to view full article.
