Yaizu Suisankagaku Industry Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥19.59 per share, a decrease of 18.3% from ¥23.98 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥246.9 million, a decrease of 21.9% from ¥316.3 million in the year-earlier period.
The normalized profit margin dropped to 4.7% from 6.2% in the year-earlier period.
Total revenue increased year over year to ¥5.22 billion from ¥5.14 billion, and total operating expenses climbed year over year to ¥4.90 billion from ¥4.69 billion.
Reported net income decreased 44.3% on an annual basis to ¥250.0 million, or ¥19.84 per share, from ¥449.0 million, or ¥34.05 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
