Fukoku Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥37.71 per share, a decline of 5.1% from ¥39.74 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥650.1 million, a decline of 4.9% from ¥683.9 million in the prior-year period.
The normalized profit margin dropped to 3.8% from 4.2% in the year-earlier period.
Total revenue increased 5.4% on an annual basis to ¥17.34 billion from ¥16.44 billion, and total operating expenses climbed 7.8% from the prior-year period to ¥16.68 billion from ¥15.47 billion.
Reported net income fell 24.9% on an annual basis to ¥610.9 million, or ¥35.43 per share, from ¥813.9 million, or ¥47.30 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
