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Ootoya Holdings fiscal Q3 profit falls YOY

Ootoya Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥19.64 per share, a decrease of 14.9% from ¥23.09 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥141.3 million, a decrease of 14.8% from ¥165.8 million in the year-earlier period.

The normalized profit margin fell to 2.2% from 2.7% in the year-earlier period.

Total revenue grew year over year to ¥6.28 billion from ¥6.14 billion, and total operating expenses grew from the prior-year period to ¥6.08 billion from ¥5.86 billion.

Reported net income came to ¥112.6 million, or ¥15.59 per share, compared to a loss of ¥5.9 million, or a loss of 84 sen per share, in the year-earlier period.

As of Feb. 13, US$1 was equivalent to ¥118.68.