Doshisha Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥47.20 per share, a decline of 18.7% from ¥58.05 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.76 billion, a decline of 18.7% from ¥2.16 billion in the year-earlier period.
The normalized profit margin declined to 5.4% from 6.4% in the year-earlier period.
Total revenue decreased year over year to ¥32.54 billion from ¥34.02 billion, and total operating expenses decreased from the prior-year period to ¥29.88 billion from ¥30.63 billion.
Reported net income declined 12.1% from the prior-year period to ¥1.84 billion, or ¥49.40 per share, from ¥2.10 billion, or ¥56.21 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
