Maruha Group Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥45.24 per share, a gain from ¥7.69 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.38 billion, a decline of 41.2% from ¥4.05 billion in the year-earlier period.
The normalized profit margin fell to 0.9% from 1.6% in the year-earlier period.
Total revenue rose year over year to ¥251.31 billion from ¥247.15 billion, and total operating expenses rose from the prior-year period to ¥248.06 billion from ¥240.73 billion.
Reported net income rose 25.6% year over year to ¥2.80 billion, or ¥53.16 per share, from ¥2.23 billion, or ¥4.23 per share.
As of Feb. 9, US$1 was equivalent to ¥118.60.
