France Bed Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥7.25 per share, a decline of 32.8% from ¥10.78 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥310.6 million, a decline of 33.2% from ¥465.0 million in the year-earlier period.
The normalized profit margin dropped to 2.4% from 3.4% in the year-earlier period.
Total revenue declined 5.8% year over year to ¥12.78 billion from ¥13.56 billion, and total operating expenses decreased on an annual basis to ¥12.29 billion from ¥12.83 billion.
Reported net income fell 32.7% year over year to ¥286.0 million, or ¥6.68 per share, from ¥425.0 million, or ¥9.86 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
