K's Holdings Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥37.50 per share, a decrease of 22.1% from ¥48.15 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥4.12 billion, a decrease of 19.3% from ¥5.10 billion in the year-earlier period.
The normalized profit margin dropped to 2.5% from 2.9% in the year-earlier period.
Total revenue declined 5.0% on an annual basis to ¥165.32 billion from ¥173.97 billion, and total operating expenses fell year over year to ¥160.25 billion from ¥167.86 billion.
Reported net income fell 13.5% from the prior-year period to ¥4.10 billion, or ¥37.38 per share, from ¥4.74 billion, or ¥44.74 per share.
As of Feb. 10, US$1 was equivalent to ¥119.28.
