NAFCO Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥67.26 per share, a decline of 20.9% from ¥85.07 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.00 billion, a decrease of 20.9% from ¥2.53 billion in the prior-year period.
The normalized profit margin fell to 3.3% from 4.1% in the year-earlier period.
Total revenue decreased year over year to ¥59.97 billion from ¥62.15 billion, and total operating expenses declined from the prior-year period to ¥56.85 billion from ¥58.17 billion.
Reported net income decreased 18.4% year over year to ¥1.83 billion, or ¥61.58 per share, from ¥2.25 billion, or ¥75.48 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
