Daito Gyorui Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥89.11 per share, a decline of 12.6% from ¥101.97 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥280.6 million, a decrease of 12.6% from ¥321.1 million in the prior-year period.
The normalized profit margin declined to 0.8% from 0.8% in the year-earlier period.
Total revenue decreased 8.1% year over year to ¥35.37 billion from ¥38.47 billion, and total operating expenses fell 7.9% on an annual basis to ¥34.93 billion from ¥37.94 billion.
Reported net income increased on an annual basis to ¥388.0 million, or ¥123.21 per share, from ¥377.0 million, or ¥119.71 per share.
As of Feb. 9, US$1 was equivalent to ¥118.60.
