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Chofu Seisakusho Q3 profit falls YOY

Chofu Seisakusho Co. Ltd. said its normalized net income for the third quarter came to ¥15.08 per share, a decline of 31.0% from ¥21.86 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥523.8 million, a decline of 31.0% from ¥759.4 million in the year-earlier period.

The normalized profit margin fell to 4.9% from 6.7% in the year-earlier period.

Total revenue decreased 6.3% year over year to ¥10.70 billion from ¥11.41 billion, and total operating expenses fell year over year to ¥10.17 billion from ¥10.62 billion.

Reported net income declined 23.4% on an annual basis to ¥575.0 million, or ¥16.55 per share, from ¥751.0 million, or ¥21.62 per share.

As of Nov. 10, US$1 was equivalent to ¥123.26.