I.A Group Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥432.41 per share, a decrease of 28.3% from ¥603.15 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥738.1 million, a decrease of 29.4% from ¥1.05 billion in the year-earlier period.
The normalized profit margin dropped to 7.2% from 9.2% in the year-earlier period.
Total revenue fell 10.1% on an annual basis to ¥10.25 billion from ¥11.40 billion, and total operating expenses fell 6.2% on an annual basis to ¥9.19 billion from ¥9.80 billion.
Reported net income declined 19.8% year over year to ¥754.0 million, or ¥441.71 per share, from ¥940.0 million, or ¥542.22 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
