Nissin Kogyo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥29.64 per share, a decrease of 28.3% from ¥41.31 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.92 billion, a decline of 28.2% from ¥2.68 billion in the year-earlier period.
The normalized profit margin dropped to 3.5% from 4.8% in the year-earlier period.
Total revenue declined year over year to ¥55.60 billion from ¥56.36 billion, and total operating expenses climbed year over year to ¥52.11 billion from ¥50.76 billion.
Reported net income decreased 19.3% on an annual basis to ¥2.62 billion, or ¥40.38 per share, from ¥3.25 billion, or ¥50.10 per share.
As of Feb. 6, US$1 was equivalent to ¥119.01.
