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Village Vanguard fiscal Q3 profit falls YOY

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Village Vanguard fiscal Q3 profit falls YOY

Village Vanguard Co. LTD. said its normalized net income for the fiscal third quarter ended Feb. 28 came to ¥34.80 per share, a decline from ¥36.31 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥268.1 million, a decrease from ¥279.4 million in the year-earlier period.

The normalized profit margin fell to 2.1% from 2.3% in the year-earlier period.

Total revenue grew on an annual basis to ¥12.62 billion from ¥12.13 billion, and total operating expenses increased on an annual basis to ¥12.22 billion from ¥11.72 billion.

Reported net income came to ¥310.4 million, or ¥40.29 per share, compared to a loss of ¥197.0 million, or a loss of ¥25.61 per share, in the year-earlier period.

As of April 14, US$1 was equivalent to ¥119.09.