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Kansai Super Market fiscal Q3 profit falls YOY

Kansai Super Market Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥8.90 per share, a decline of 45.0% from ¥16.17 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥251.3 million, a decrease of 45.0% from ¥456.9 million in the prior-year period.

The normalized profit margin declined to 0.8% from 1.4% in the year-earlier period.

Total revenue declined on an annual basis to ¥31.25 billion from ¥32.15 billion, and total operating expenses declined on an annual basis to ¥30.91 billion from ¥31.50 billion.

Reported net income decreased 32.8% from the prior-year period to ¥307.0 million, or ¥10.87 per share, from ¥457.0 million, or ¥16.17 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.