Maxvalu Tokai Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was ¥18.52 per share, a decrease of 9.6% from ¥20.48 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥329.6 million, a decline of 9.6% from ¥364.5 million in the year-earlier period.
The normalized profit margin dropped to 0.6% from 0.7% in the year-earlier period.
Total revenue climbed year over year to ¥51.37 billion from ¥49.75 billion, and total operating expenses rose on an annual basis to ¥50.98 billion from ¥49.23 billion.
Reported net income decreased 15.6% year over year to ¥203.3 million, or ¥11.42 per share, from ¥240.8 million, or ¥13.53 per share.
As of Jan. 13, US$1 was equivalent to ¥118.49.
