Lead Co. Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥7.14 per share, compared with a loss of ¥4.52 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥18.8 million, compared with a loss of ¥11.9 million in the prior-year period.
The normalized profit margin climbed to 1.4% from negative 0.7% in the year-earlier period.
Total revenue decreased 21.2% year over year to ¥1.34 billion from ¥1.70 billion, and total operating expenses fell 23.6% year over year to ¥1.31 billion from ¥1.72 billion.
Reported net income came to ¥2.0 million, or 76 sen per share, compared to a loss of ¥20.0 million, or a loss of ¥7.61 per share, in the prior-year period.
As of Feb. 13, US$1 was equivalent to ¥118.68.
