Marumitsu Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 20, 2014, amounted to ¥1.96 per share, a decline of 50.8% from ¥3.98 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥38.8 million, a decrease of 41.0% from ¥65.6 million in the year-earlier period.
The normalized profit margin dropped to 0.9% from 1.3% in the year-earlier period.
Total revenue decreased 19.7% on an annual basis to ¥4.15 billion from ¥5.18 billion, and total operating expenses declined 19.4% on an annual basis to ¥4.06 billion from ¥5.03 billion.
Reported net income decreased 20.2% on an annual basis to ¥75.0 million, or ¥3.79 per share, from ¥94.0 million, or ¥5.71 per share.
As of Feb. 3, US$1 was equivalent to ¥117.50.
