Saftec Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥225.27 per share, a decline of 13.5% from ¥260.31 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥112.5 million, a decrease of 13.5% from ¥130.0 million in the prior-year period.
The normalized profit margin declined to 4.9% from 5.5% in the year-earlier period.
Total revenue declined year over year to ¥2.31 billion from ¥2.36 billion, and total operating expenses came to ¥2.13 billion, compared with ¥2.15 billion in the year-earlier period.
Reported net income declined 9.0% from the prior-year period to ¥142.0 million, or ¥284.35 per share, from ¥156.0 million, or ¥312.37 per share.
As of Feb. 9, US$1 was equivalent to ¥118.60.
