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Gamecard-Joyco fiscal Q3 profit falls YOY

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Gamecard-Joyco fiscal Q3 profit falls YOY

Gamecard-Joyco Holdings Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥22.04 per share, a decline of 24.0% from ¥29.01 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥314.4 million, a decline of 24.0% from ¥413.8 million in the year-earlier period.

The normalized profit margin declined to 4.1% from 4.2% in the year-earlier period.

Total revenue fell 21.4% on an annual basis to ¥7.75 billion from ¥9.86 billion, and total operating expenses declined 21.3% on an annual basis to ¥7.25 billion from ¥9.21 billion.

Reported net income increased from the prior-year period to ¥281.0 million, or ¥19.70 per share, from ¥274.0 million, or ¥19.21 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.