Zwei Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was 95 Japanese sen per share, a decrease of 69.5% from ¥3.11 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.8 million, a decline of 69.1% from ¥12.1 million in the prior-year period.
The normalized profit margin fell to 0.4% from 1.2% in the year-earlier period.
Total revenue declined 8.5% on an annual basis to ¥928.0 million from ¥1.01 billion, and total operating expenses fell 7.1% year over year to ¥935.0 million from ¥1.01 billion.
Reported net income came to ¥7.2 million, or ¥1.81 per share, compared to a loss of ¥2.4 million, or a loss of 77 sen per share, in the year-earlier period.
As of Jan. 14, US$1 was equivalent to ¥116.84.
