Banners Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 62 Japanese sen per share, a decline of 24.3% from 81 sen per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥11.9 million, a decline of 26.9% from ¥16.3 million in the prior-year period.
The normalized profit margin fell to 1.3% from 1.6% in the year-earlier period.
Total revenue fell 14.6% on an annual basis to ¥884.0 million from ¥1.03 billion, and total operating expenses fell 14.3% year over year to ¥861.0 million from ¥1.00 billion.
Reported net income fell 29.4% on an annual basis to ¥24.0 million, or ¥1.25 per share, from ¥34.0 million, or ¥1.70 per share.
As of Feb. 10, US$1 was equivalent to ¥119.28.
