Tokai Rika Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥52.51 per share, a decline of 7.5% from ¥56.78 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥4.78 billion, a decrease of 7.2% from ¥5.15 billion in the prior-year period.
The normalized profit margin dropped to 4.2% from 4.7% in the year-earlier period.
Total revenue grew year over year to ¥114.54 billion from ¥109.97 billion, and total operating expenses increased year over year to ¥106.54 billion from ¥102.36 billion.
Reported net income totaled ¥5.71 billion, or ¥62.79 per share, compared to ¥5.73 billion, or ¥63.24 per share, in the year-earlier period.
As of Feb. 3, US$1 was equivalent to ¥117.50.
