Megmilk Snow Brand Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥26.30 per share, a decrease of 30.2% from ¥37.65 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.78 billion, a decrease of 30.2% from ¥2.55 billion in the year-earlier period.
The normalized profit margin fell to 1.3% from 1.8% in the year-earlier period.
Total revenue came to ¥140.88 billion, compared with ¥141.09 billion in the year-earlier period, and total operating expenses totaled ¥138.54 billion, compared with ¥137.35 billion in the prior-year period.
Reported net income declined 45.0% from the prior-year period to ¥1.52 billion, or ¥22.46 per share, from ¥2.77 billion, or ¥40.84 per share.
As of Feb. 6, US$1 was equivalent to ¥119.01.
