T.RAD Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥65.06 per share, a decrease of 31.8% from ¥95.40 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥534.5 million, a decline of 31.8% from ¥783.9 million in the prior-year period.
The normalized profit margin fell to 2.1% from 3.5% in the year-earlier period.
Total revenue increased 14.9% year over year to ¥26.07 billion from ¥22.69 billion, and total operating expenses increased 17.3% year over year to ¥25.43 billion from ¥21.68 billion.
Reported net income declined 64.1% from the prior-year period to ¥587.0 million, or ¥71.45 per share, from ¥1.64 billion, or ¥199.11 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
