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Komatsu fiscal Q3 profit falls YOY

Komatsu Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to ¥35.32 per share, a decline from ¥35.77 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥33.34 billion, a decline from ¥34.07 billion in the prior-year period.

The normalized profit margin increased to 7.0% from 6.9% in the year-earlier period.

Total revenue decreased year over year to ¥478.02 billion from ¥494.07 billion, and total operating expenses fell on an annual basis to ¥422.38 billion from ¥437.83 billion.

Reported net income came to ¥38.64 billion, or ¥40.94 per share, compared with ¥38.53 billion, or ¥40.44 per share, in the prior-year period.

As of Feb. 10, US$1 was equivalent to ¥114.87.