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Matsuya Foods fiscal Q3 profit falls YOY

Matsuya Foods Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥35.09 per share, a decline of 13.3% from ¥40.47 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥668.8 million, a decline of 13.3% from ¥771.3 million in the year-earlier period.

The normalized profit margin fell to 3.2% from 3.7% in the year-earlier period.

Total revenue totaled ¥20.77 billion, compared with ¥20.58 billion in the prior-year period, and total operating expenses increased year over year to ¥19.71 billion from ¥19.35 billion.

Reported net income fell 19.6% on an annual basis to ¥543.0 million, or ¥28.49 per share, from ¥675.0 million, or ¥35.42 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.