KachikaiHatsu Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to ¥2.39 per share, a decline from ¥2.51 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥32.1 million, a decrease from ¥33.8 million in the year-earlier period.

The normalized profit margin dropped to 2.3% from 2.3% in the year-earlier period.

Total revenue declined on an annual basis to ¥1.41 billion from ¥1.47 billion, and total operating expenses declined on an annual basis to ¥1.36 billion from ¥1.38 billion.

Reported net income increased on an annual basis to ¥47.0 million, or ¥3.44 per share, from ¥45.6 million, or ¥3.38 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.