Clarion Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 27 Japanese sen per share, a decline of 92.8% from ¥3.75 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥75.6 million, a decrease of 92.8% from ¥1.06 billion in the year-earlier period.
The normalized profit margin declined to 0.2% from 2.2% in the year-earlier period.
Total revenue grew year over year to ¥48.99 billion from ¥48.48 billion, and total operating expenses grew from the prior-year period to ¥48.39 billion from ¥46.38 billion.
Reported net income came to a loss of ¥304.0 million, or a loss of ¥1.08 per share, compared to income of ¥1.34 billion, or ¥4.75 per share, in the prior-year period.
As of Feb. 10, US$1 was equivalent to ¥119.28.
