Heiwa Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥46.61 per share, a gain of 5.7% from ¥44.08 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥4.01 billion, an increase of 5.9% from ¥3.78 billion in the prior-year period.
The normalized profit margin climbed to 10.0% from 8.3% in the year-earlier period.
Total revenue declined 12.0% year over year to ¥39.90 billion from ¥45.35 billion, and total operating expenses decreased 14.7% year over year to ¥32.49 billion from ¥38.09 billion.
Reported net income came to ¥3.19 billion, or ¥37.09 per share, compared to ¥3.20 billion, or ¥37.32 per share, in the prior-year period.
As of Feb. 12, US$1 was equivalent to ¥118.90.
