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Imuraya Confectionery fiscal Q3 profit falls YOY

Imuraya Confectionery Co.Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥18.93 per share, a decline of 37.1% from ¥30.11 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥229.8 million, a decline of 37.3% from ¥366.6 million in the year-earlier period.

The normalized profit margin fell to 2.2% from 3.5% in the year-earlier period.

Total revenue came to ¥10.51 billion, compared with ¥10.56 billion in the prior-year period, and total operating expenses rose from the prior-year period to ¥10.28 billion from ¥10.05 billion.

Reported net income declined 27.0% on an annual basis to ¥230.0 million, or ¥18.95 per share, from ¥315.0 million, or ¥25.87 per share.

As of Feb. 9, US$1 was equivalent to ¥118.60.