Yachiyo Industry Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥34.80 per share, a decrease of 41.4% from ¥59.35 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥835.6 million, a decrease of 41.4% from ¥1.43 billion in the year-earlier period.
The normalized profit margin dropped to 1.6% from 2.3% in the year-earlier period.
Total revenue fell 18.4% year over year to ¥51.67 billion from ¥63.31 billion, and total operating expenses declined 18.2% on an annual basis to ¥49.65 billion from ¥60.67 billion.
Reported net income grew year over year to ¥3.83 billion, or ¥159.62 per share, from ¥1.24 billion, or ¥51.55 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
