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Cleanup fiscal Q3 profit falls YOY

Cleanup Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥16.76 per share, a decline of 63.4% from ¥45.74 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥696.9 million, a decline of 67.3% from ¥2.13 billion in the year-earlier period.

The normalized profit margin declined to 2.4% from 6.1% in the year-earlier period.

Total revenue decreased 16.9% on an annual basis to ¥28.84 billion from ¥34.72 billion, and total operating expenses fell 11.2% on an annual basis to ¥27.73 billion from ¥31.22 billion.

Reported net income declined 69.0% on an annual basis to ¥679.0 million, or ¥16.33 per share, from ¥2.19 billion, or ¥47.00 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.