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Freesia Macross fiscal Q3 profit falls YOY

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Freesia Macross fiscal Q3 profit falls YOY

Freesia Macross Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 19 Japanese sen per share, a decline of 8.9% from 21 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥87.0 million, a decline of 8.9% from ¥95.5 million in the prior-year period.

The normalized profit margin declined to 2.9% from 3.5% in the year-earlier period.

Total revenue increased 9.0% on an annual basis to ¥2.98 billion from ¥2.73 billion, and total operating expenses rose 12.8% year over year to ¥2.77 billion from ¥2.45 billion.

Reported net income declined 28.7% from the prior-year period to ¥62.0 million, or 14 sen per share, from ¥87.0 million, or 19 sen per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.