S. Ishimitsu & Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥7.67 per share, a decline of 31.7% from ¥11.24 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥59.1 million, a decline of 31.7% from ¥86.6 million in the year-earlier period.
The normalized profit margin declined to 0.6% from 0.9% in the year-earlier period.
Total revenue rose year over year to ¥9.87 billion from ¥9.72 billion, and total operating expenses rose on an annual basis to ¥9.78 billion from ¥9.56 billion.
Reported net income decreased 15.7% year over year to ¥59.0 million, or ¥7.65 per share, from ¥70.0 million, or ¥9.08 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
