Hagoromo Foods Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥19.82 per share, a decline of 6.6% from ¥21.21 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥373.1 million, a decrease of 6.6% from ¥399.4 million in the year-earlier period.
The normalized profit margin fell to 1.9% from 2.2% in the year-earlier period.
Total revenue climbed 7.0% year over year to ¥19.83 billion from ¥18.54 billion, and total operating expenses rose 7.2% from the prior-year period to ¥19.34 billion from ¥18.04 billion.
Reported net income fell 50.3% from the prior-year period to ¥435.0 million, or ¥23.10 per share, from ¥876.0 million, or ¥46.52 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
