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Arcland Sakamoto fiscal Q3 profit falls YOY

Arcland Sakamoto Co. Ltd. its normalized net income for the fiscal third quarter ended Nov. 20 amounted to ¥28.88 per share, a decrease of 11.1% from ¥32.48 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.17 billion, a decrease of 11.1% from ¥1.32 billion in the year-earlier period.

The normalized profit margin dropped to 4.6% from 5.2% in the year-earlier period.

Total revenue climbed on an annual basis to ¥25.64 billion from ¥25.23 billion, and total operating expenses grew from the prior-year period to ¥23.66 billion from ¥23.13 billion.

Reported net income fell 54.3% on an annual basis to ¥593.0 million, or ¥14.62 per share, from ¥1.30 billion, or ¥32.03 per share.

As of Dec. 26, US$1 was equivalent to ¥120.44.