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Nikon fiscal Q3 profit falls YOY

Nikon Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥20.50 per share, a decrease of 26.0% from ¥27.72 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.15 billion, a decrease of 26.0% from ¥11.01 billion in the prior-year period.

The normalized profit margin fell to 3.4% from 4.2% in the year-earlier period.

Total revenue fell 7.3% on an annual basis to ¥242.85 billion from ¥262.00 billion, and total operating expenses fell 6.3% on an annual basis to ¥229.23 billion from ¥244.56 billion.

Reported net income decreased 72.1% on an annual basis to ¥6.66 billion, or ¥16.76 per share, from ¥23.90 billion, or ¥60.14 per share.

As of Feb. 5, US$1 was equivalent to ¥117.45.