Kisoji Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥18.63 per share, a decrease of 27.1% from ¥25.57 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥481.3 million, a decrease of 27.2% from ¥660.6 million in the prior-year period.
The normalized profit margin declined to 4.1% from 5.1% in the year-earlier period.
Total revenue decreased 9.6% on an annual basis to ¥11.79 billion from ¥13.04 billion, and total operating expenses declined 8.0% from the prior-year period to ¥11.04 billion from ¥12.00 billion.
Reported net income decreased 54.2% on an annual basis to ¥280.0 million, or ¥10.84 per share, from ¥612.0 million, or ¥23.69 per share.
As of Feb. 10, US$1 was equivalent to ¥119.28.
