Marui Group Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥25.15 per share, an increase of 22.9% from ¥20.46 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.89 billion, a gain of 23.0% from ¥5.60 billion in the prior-year period.
The normalized profit margin climbed to 6.4% from 5.1% in the year-earlier period.
Total revenue fell year over year to ¥107.75 billion from ¥109.79 billion, and total operating expenses decreased year over year to ¥96.64 billion from ¥100.99 billion.
Reported net income declined 40.7% year over year to ¥3.24 billion, or ¥11.82 per share, from ¥5.46 billion, or ¥19.94 per share.
As of Feb. 10, US$1 was equivalent to ¥119.28.
