J-Oil Mills Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥30.23 per share, a decline of 54.4% from ¥66.37 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥503.0 million, a decline of 54.5% from ¥1.10 billion in the year-earlier period.
The normalized profit margin dropped to 1.0% from 2.0% in the year-earlier period.
Total revenue declined 5.4% year over year to ¥51.19 billion from ¥54.14 billion, and total operating expenses fell year over year to ¥50.53 billion from ¥52.41 billion.
Reported net income declined 51.2% year over year to ¥515.0 million, or ¥30.95 per share, from ¥1.05 billion, or ¥63.40 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
