Hikari Tsushin Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥61.46 per share, a decline of 31.7% from ¥89.94 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.85 billion, a decrease of 32.6% from ¥4.23 billion in the prior-year period.
The normalized profit margin declined to 1.8% from 2.9% in the year-earlier period.
Total revenue increased 7.0% year over year to ¥155.07 billion from ¥144.93 billion, and total operating expenses rose 8.3% year over year to ¥149.58 billion from ¥138.13 billion.
Reported net income decreased 29.5% year over year to ¥4.22 billion, or ¥91.18 per share, from ¥5.99 billion, or ¥127.21 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
