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Oriental Land fiscal Q3 profit falls YOY

Oriental Land Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2016, amounted to ¥71.15 per share, a decline from ¥73.14 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥24.48 billion, a decrease from ¥25.24 billion in the prior-year period.

The normalized profit margin dropped to 18.4% from 19.1% in the year-earlier period.

Total revenue totaled ¥133.03 billion, compared with ¥132.41 billion in the year-earlier period, and total operating expenses rose year over year to ¥94.19 billion from ¥92.41 billion.

Reported net income totaled ¥27.27 billion, or ¥79.26 per share, compared with ¥27.42 billion, or ¥79.44 per share, in the year-earlier period.

As of Feb. 13, US$1 was equivalent to ¥113.90.