Fuji Oil Holdings Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥31.07 per share, a decline of 19.0% from ¥38.36 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.67 billion, a decrease of 19.0% from ¥3.30 billion in the prior-year period.
The normalized profit margin fell to 3.6% from 4.7% in the year-earlier period.
Total revenue grew 5.5% year over year to ¥73.45 billion from ¥69.64 billion, and total operating expenses rose 8.0% year over year to ¥69.06 billion from ¥63.93 billion.
Reported net income decreased on an annual basis to ¥2.75 billion, or ¥32.00 per share, from ¥2.79 billion, or ¥32.40 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
