Nittoh Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥14.89 per share, a decline of 39.0% from ¥24.41 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥60.4 million, a decrease of 39.0% from ¥99.0 million in the year-earlier period.
The normalized profit margin fell to 3.4% from 5.4% in the year-earlier period.
Total revenue declined year over year to ¥1.75 billion from ¥1.84 billion, and total operating expenses fell from the prior-year period to ¥1.66 billion from ¥1.69 billion.
Reported net income declined 10.3% from the prior-year period to ¥87.0 million, or ¥21.46 per share, from ¥97.0 million, or ¥23.92 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
