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Nitori Holdings fiscal Q3 profit falls YOY

Nitori Holdings Co. said its normalized net income for the fiscal third quarter ended Nov. 20 came to ¥86.74 per share, a decline from ¥90.50 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥9.61 billion, a decline from ¥9.94 billion in the prior-year period.

The normalized profit margin fell to 9.6% from 10.3% in the year-earlier period.

Total revenue climbed year over year to ¥99.64 billion from ¥96.74 billion, and total operating expenses rose year over year to ¥84.61 billion from ¥81.36 billion.

Reported net income decreased 5.8% year over year to ¥9.72 billion, or ¥87.74 per share, from ¥10.32 billion, or ¥93.95 per share.

As of Dec. 26, US$1 was equivalent to ¥120.44.