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Oriental Land fiscal Q3 profit falls YOY

Oriental Land Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥67.92 per share, a decline of 11.5% from ¥76.72 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥23.56 billion, a decline of 11.7% from ¥26.68 billion in the prior-year period.

The normalized profit margin declined to 18.2% from 19.6% in the year-earlier period.

Total revenue declined 5.0% year over year to ¥129.37 billion from ¥136.18 billion, and total operating expenses declined from the prior-year period to ¥91.97 billion from ¥93.57 billion.

Reported net income fell 9.4% year over year to ¥24.59 billion, or ¥70.91 per share, from ¥27.14 billion, or ¥78.04 per share.

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