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Arigatou Services fiscal Q3 profit falls YOY

Arigatou Services Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to ¥41.67 per share, a decrease of 18.5% from ¥51.13 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥39.4 million, a decrease of 19.2% from ¥48.8 million in the year-earlier period.

The normalized profit margin dropped to 2.2% from 2.7% in the year-earlier period.

Total revenue rose on an annual basis to ¥1.80 billion from ¥1.78 billion, and total operating expenses grew year over year to ¥1.74 billion from ¥1.70 billion.

Reported net income fell 20.5% from the prior-year period to ¥31.0 million, or ¥32.81 per share, from ¥39.0 million, or ¥40.91 per share.

As of Jan. 13, US$1 was equivalent to ¥118.49.