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Sunday Co. Ltd. fiscal Q3 profit falls YOY

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Sunday Co. Ltd. fiscal Q3 profit falls YOY

Sunday Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, came to ¥7.88 per share, a decrease of 54.1% from ¥17.17 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥85.0 million, a decline of 54.1% from ¥185.0 million in the prior-year period.

The normalized profit margin fell to 0.8% from 1.6% in the year-earlier period.

Total revenue fell on an annual basis to ¥11.25 billion from ¥11.52 billion, and total operating expenses declined on an annual basis to ¥11.11 billion from ¥11.23 billion.

Reported net income declined 57.6% on an annual basis to ¥67.5 million, or ¥6.25 per share, from ¥159.0 million, or ¥14.76 per share.

As of Jan. 13, US$1 was equivalent to ¥118.49.