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Piolax fiscal Q3 profit falls YOY

4240823 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥37.59 per share, a decrease of 8.5% from ¥41.06 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.40 billion, a decrease of 8.5% from ¥1.53 billion in the prior-year period.

The normalized profit margin fell to 9.4% from 10.9% in the year-earlier period.

Total revenue climbed 6.0% on an annual basis to ¥14.88 billion from ¥14.03 billion, and total operating expenses grew 9.1% from the prior-year period to ¥12.87 billion from ¥11.80 billion.

eported net income declined 7.9% year over Piolax Inc.