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Mizuno fiscal Q3 profit falls YOY

Mizuno Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥25.13 per share, a decline of 42.4% from ¥43.63 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥632.6 million, a decline of 42.3% from ¥1.10 billion in the prior-year period.

The normalized profit margin fell to 1.4% from 2.5% in the year-earlier period.

Total revenue totaled ¥43.74 billion, compared with ¥43.93 billion in the year-earlier period, and total operating expenses totaled ¥43.24 billion, compared with ¥42.91 billion in the prior-year period.

Reported net income decreased 13.2% from the prior-year period to ¥658.0 million, or ¥26.14 per share, from ¥758.0 million, or ¥30.19 per share.

As of Feb. 6, US$1 was equivalent to ¥119.01.