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Kanmonkai fiscal Q3 profit falls YOY

Kanmonkai Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to ¥13.69 per share, a decline of 21.7% from ¥17.49 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥135.6 million, a decline of 21.7% from ¥173.1 million in the year-earlier period.

The normalized profit margin dropped to 7.8% from 9.9% in the year-earlier period.

Total revenue decreased on an annual basis to ¥1.73 billion from ¥1.75 billion, and total operating expenses increased on an annual basis to ¥1.50 billion from ¥1.47 billion.

Reported net income fell 17.7% year over year to ¥135.0 million, or ¥13.63 per share, from ¥164.0 million, or ¥16.57 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.