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Plenus fiscal Q3 profit falls YOY

Plenus Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was ¥30.81 per share, a decrease of 12.2% from ¥35.11 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.18 billion, a decrease of 12.2% from ¥1.35 billion in the year-earlier period.

The normalized profit margin declined to 3.2% from 3.6% in the year-earlier period.

Total revenue came to ¥37.49 billion, compared with ¥37.82 billion in the year-earlier period, and total operating expenses totaled ¥36.21 billion, compared with ¥35.94 billion in the year-earlier period.

Reported net income decreased 22.1% on an annual basis to ¥965.4 million, or ¥25.12 per share, from ¥1.24 billion, or ¥32.28 per share.

As of Jan. 9, US$1 was equivalent to ¥118.86.