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Seigakusya fiscal Q3 profit falls YOY

Seigakusya Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥62.38 per share, a decrease from ¥63.89 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥367.5 million, a decline from ¥376.3 million in the prior-year period.

The normalized profit margin fell to 11.7% from 12.5% in the year-earlier period.

Total revenue increased year over year to ¥3.13 billion from ¥3.02 billion, and total operating expenses increased 5.4% year over year to ¥2.54 billion from ¥2.41 billion.

Reported net income declined 15.2% on an annual basis to ¥325.6 million, or ¥55.27 per share, from ¥384.0 million, or ¥65.21 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.