Kitanotatsujin Corp. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to ¥57.5 million, a decline of 18.6% from ¥70.6 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to 12.2% from 15.3% in the year-earlier period.
Total revenue grew year over year to ¥472.0 million from ¥461.0 million, and total operating expenses grew on an annual basis to ¥366.0 million from ¥351.0 million.
Reported net income decreased 21.7% from the prior-year period to ¥54.0 million, or 42 sen per share, from ¥69.0 million.
As of Jan. 14, US$1 was equivalent to ¥116.84.
