Karula Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2015, came to ¥3.64 per share, a decline of 30.0% from ¥5.20 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥21.9 million, a decline of 30.0% from ¥31.3 million in the year-earlier period.

The normalized profit margin fell to 1.2% from 1.6% in the year-earlier period.

Total revenue declined year over year to ¥1.88 billion from ¥1.91 billion, and total operating expenses decreased year over year to ¥1.84 billion from ¥1.87 billion.

Reported net income came to ¥10.0 million, or ¥1.66 per share, compared to a loss of ¥23.0 million, or a loss of ¥3.83 per share, in the prior-year period.

As of Jan. 13, US$1 was equivalent to ¥118.29.