Nagahori Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥6.44 per share, a decrease of 33.3% from ¥9.66 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥98.8 million, a decline of 33.3% from ¥148.1 million in the prior-year period.
The normalized profit margin fell to 1.6% from 2.6% in the year-earlier period.
Total revenue increased 6.5% year over year to ¥6.06 billion from ¥5.69 billion, and total operating expenses increased 8.5% from the prior-year period to ¥5.90 billion from ¥5.44 billion.
Reported net income declined 71.3% from the prior-year period to ¥101.0 million, or ¥6.59 per share, from ¥352.0 million, or ¥22.95 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
