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JSS Corp. fiscal Q3 profit falls YOY

JSS Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥18.48 per share, a decrease of 15.6% from ¥21.89 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥74.4 million, a decrease of 15.6% from ¥88.1 million in the prior-year period.

The normalized profit margin dropped to 3.8% from 4.7% in the year-earlier period.

Total revenue increased on an annual basis to ¥1.95 billion from ¥1.87 billion, and total operating expenses climbed 6.0% from the prior-year period to ¥1.83 billion from ¥1.73 billion.

Reported net income fell 8.8% on an annual basis to ¥62.0 million, or ¥15.41 per share, from ¥68.0 million, or ¥16.89 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.