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Japan Best Rescue System fiscal Q3 profit falls YOY

Japan Best Rescue System Co. Ltd. said its normalized net income for the fiscal third quarter ended June 30 came to ¥4.70 per share, a decline of 19.2% from ¥5.81 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥162.0 million, a decrease of 18.7% from ¥199.4 million in the year-earlier period.

The normalized profit margin fell to 4.9% from 6.5% in the year-earlier period.

Total revenue increased 6.8% year over year to ¥3.28 billion from ¥3.07 billion, and total operating expenses rose 16.8% year over year to ¥3.05 billion from ¥2.61 billion.

Reported net income declined 58.5% year over year to ¥81.0 million, or ¥2.35 per share, from ¥195.0 million, or ¥5.69 per share.

As of Aug. 14, US$1 was equivalent to ¥124.29.