TBK Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥14.59 per share, a decline of 13.0% from ¥16.77 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥428.0 million, a decrease of 13.0% from ¥491.9 million in the prior-year period.
The normalized profit margin dropped to 3.6% from 4.4% in the year-earlier period.
Total revenue climbed 6.0% on an annual basis to ¥11.96 billion from ¥11.28 billion, and total operating expenses climbed 7.1% on an annual basis to ¥11.31 billion from ¥10.56 billion.
Reported net income decreased 12.5% year over year to ¥526.0 million, or ¥17.94 per share, from ¥601.0 million, or ¥20.49 per share.
As of Feb. 4, US$1 was equivalent to ¥117.51.
