Shidax Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥6.70 per share, a decline of 47.7% from ¥12.82 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥261.3 million, a decline of 47.7% from ¥499.8 million in the prior-year period.
The normalized profit margin declined to 0.6% from 1.0% in the year-earlier period.
Total revenue decreased 13.2% year over year to ¥42.57 billion from ¥49.01 billion, and total operating expenses declined 12.4% year over year to ¥41.99 billion from ¥47.96 billion.
Reported net income totaled a loss of ¥84.0 million, or a loss of ¥2.15 per share, compared to income of ¥156.0 million, or ¥4.00 per share, in the prior-year period.
As of Feb. 13, US$1 was equivalent to ¥118.68.
