Sanyo Department Store Co. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, came to ¥7.01 per share, a decline of 78.0% from ¥31.91 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.6 million, a decline of 78.0% from ¥25.6 million in the prior-year period.
The normalized profit margin dropped to 0.1% from 0.5% in the year-earlier period.
Total revenue decreased year over year to ¥4.60 billion from ¥4.68 billion, and total operating expenses declined from the prior-year period to ¥4.61 billion from ¥4.65 billion.
Reported net income came to a loss of ¥26.0 million, or a loss of ¥32.38 per share, compared to income of ¥23.0 million, or ¥28.64 per share, in the year-earlier period.
As of Jan. 14, US$1 was equivalent to ¥116.84.
