Y.S.Food Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥3.14 per share, a decrease of 64.0% from ¥8.72 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥11.3 million, a decrease of 64.0% from ¥31.3 million in the prior-year period.
The normalized profit margin declined to 2.4% from 5.6% in the year-earlier period.
Total revenue fell 14.7% on an annual basis to ¥474.0 million from ¥556.0 million, and total operating expenses fell 10.7% on an annual basis to ¥452.0 million from ¥506.0 million.
Reported net income decreased 75.8% from the prior-year period to ¥8.0 million, or ¥2.23 per share, from ¥33.0 million, or ¥9.20 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
