Key Coffee Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥16.56 per share, a decrease of 36.6% from ¥26.13 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥375.6 million, a decline of 36.6% from ¥592.8 million in the year-earlier period.
The normalized profit margin fell to 2.5% from 4.2% in the year-earlier period.
Total revenue rose 7.8% on an annual basis to ¥15.26 billion from ¥14.15 billion, and total operating expenses climbed 10.4% from the prior-year period to ¥14.72 billion from ¥13.33 billion.
Reported net income declined 11.9% year over year to ¥489.0 million, or ¥21.56 per share, from ¥555.0 million, or ¥24.47 per share.
As of Feb. 9, US$1 was equivalent to ¥118.60.
