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Shiseido fiscal Q3 profit falls YOY

Shiseido Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥12.73 per share, a decrease of 40.7% from ¥21.46 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.09 billion, a decrease of 40.6% from ¥8.57 billion in the year-earlier period.

The normalized profit margin declined to 2.7% from 4.9% in the year-earlier period.

Total revenue rose 8.7% year over year to ¥190.09 billion from ¥174.89 billion, and total operating expenses climbed 12.5% on an annual basis to ¥182.21 billion from ¥161.94 billion.

Reported net income declined 71.9% on an annual basis to ¥3.19 billion, or ¥7.99 per share, from ¥11.37 billion, or ¥28.49 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.