Nishikawa Rubber Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥30.28 per share, a decrease of 59.8% from ¥75.32 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥592.9 million, a decrease of 59.8% from ¥1.47 billion in the prior-year period.
The normalized profit margin declined to 2.6% from 7.3% in the year-earlier period.
Total revenue increased 11.9% year over year to ¥22.45 billion from ¥20.07 billion, and total operating expenses grew 18.8% year over year to ¥21.40 billion from ¥18.01 billion.
Reported net income decreased 63.7% on an annual basis to ¥586.0 million, or ¥29.93 per share, from ¥1.61 billion, or ¥82.49 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
