Benesse Holdings Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥91.78 per share, a gain of 25.5% from ¥73.10 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.83 billion, a gain of 25.6% from ¥7.03 billion in the prior-year period.
The normalized profit margin rose to 7.7% from 6.1% in the year-earlier period.
Total revenue decreased year over year to ¥114.10 billion from ¥115.91 billion, and total operating expenses decreased 5.0% year over year to ¥99.33 billion from ¥104.61 billion.
Reported net income declined 27.9% on an annual basis to ¥5.74 billion, or ¥59.68 per share, from ¥7.97 billion, or ¥82.83 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
