Artnature Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥12.56 per share, a decline of 48.3% from ¥24.27 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥416.9 million, a decrease of 46.7% from ¥782.1 million in the prior-year period.
The normalized profit margin declined to 4.0% from 7.7% in the year-earlier period.
Total revenue climbed year over year to ¥10.41 billion from ¥10.17 billion, and total operating expenses climbed 10.4% year over year to ¥9.81 billion from ¥8.89 billion.
Reported net income decreased 52.6% on an annual basis to ¥364.2 million, or ¥10.97 per share, from ¥768.7 million, or ¥23.85 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
