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Mitsubishi Shokuhin fiscal Q3 profit falls YOY

Mitsubishi Shokuhin Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥59.21 per share, a decline of 11.2% from ¥66.69 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.38 billion, a decrease of 11.2% from ¥3.81 billion in the year-earlier period.

The normalized profit margin declined to 0.6% from 0.6% in the year-earlier period.

Total revenue declined year over year to ¥614.97 billion from ¥632.69 billion, and total operating expenses declined year over year to ¥609.96 billion from ¥627.14 billion.

Reported net income decreased year over year to ¥3.73 billion, or ¥65.35 per share, from ¥3.92 billion, or ¥68.58 per share.

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