Nichiwa Sangyo Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥5.99 per share, a decline of 20.9% from ¥7.57 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥115.6 million, a decline of 20.9% from ¥146.3 million in the prior-year period.
The normalized profit margin declined to 0.9% from 1.1% in the year-earlier period.
Total revenue declined 5.3% on an annual basis to ¥12.93 billion from ¥13.65 billion, and total operating expenses decreased year over year to ¥12.74 billion from ¥13.40 billion.
Reported net income declined 18.4% on an annual basis to ¥120.0 million, or ¥6.21 per share, from ¥147.0 million, or ¥7.61 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
