Maxvalu Chubu Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, came to ¥4.79 per share, a decline of 14.4% from ¥5.60 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥151.8 million, a decline of 14.6% from ¥177.8 million in the year-earlier period.
The normalized profit margin dropped to 0.4% from 0.5% in the year-earlier period.
Total revenue grew 8.2% on an annual basis to ¥41.17 billion from ¥38.06 billion, and total operating expenses grew 8.5% on an annual basis to ¥41.02 billion from ¥37.80 billion.
Reported net income rose from the prior-year period to ¥122.0 million, or ¥3.85 per share, from ¥10.5 million, or 32 sen per share.
As of Jan. 14, US$1 was equivalent to ¥116.84.
