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Oie Sangyo fiscal Q3 profit falls YOY

Oie Sangyo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥17.47 per share, a decrease from ¥18.04 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥158.1 million, a decrease of 5.2% from ¥166.9 million in the year-earlier period.

The normalized profit margin dropped to 0.7% from 0.9% in the year-earlier period.

Total revenue climbed 8.4% on an annual basis to ¥21.18 billion from ¥19.53 billion, and total operating expenses grew 8.6% year over year to ¥20.94 billion from ¥19.28 billion.

Reported net income declined from the prior-year period to ¥148.0 million, or ¥16.36 per share, from ¥150.0 million, or ¥16.21 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.