Daikoku Denki Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥87.94 per share, a decline of 47.8% from ¥168.44 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.30 billion, a decline of 47.8% from ¥2.49 billion in the prior-year period.
The normalized profit margin fell to 7.8% from 11.7% in the year-earlier period.
Total revenue fell 21.5% year over year to ¥16.77 billion from ¥21.35 billion, and total operating expenses decreased 15.3% from the prior-year period to ¥14.73 billion from ¥17.39 billion.
Reported net income fell 46.7% year over year to ¥1.27 billion, or ¥86.25 per share, from ¥2.39 billion, or ¥161.88 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
