Fine Sinter Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥25.63 per share, a decrease of 21.5% from ¥32.64 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥112.9 million, a decline of 21.5% from ¥143.8 million in the prior-year period.
The normalized profit margin fell to 1.2% from 1.6% in the year-earlier period.
Total revenue climbed on an annual basis to ¥9.55 billion from ¥9.19 billion, and total operating expenses increased from the prior-year period to ¥9.35 billion from ¥9.00 billion.
Reported net income decreased 30.6% on an annual basis to ¥109.0 million, or ¥24.75 per share, from ¥157.0 million, or ¥35.65 per share.
As of Feb. 9, US$1 was equivalent to ¥118.60.
