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United Arrows fiscal Q3 profit falls YOY

United Arrows Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥119.90 per share, a decline of 6.1% from ¥127.75 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.82 billion, a decline of 6.1% from ¥4.07 billion in the year-earlier period.

The normalized profit margin dropped to 10.2% from 11.0% in the year-earlier period.

Total revenue climbed on an annual basis to ¥37.45 billion from ¥36.97 billion, and total operating expenses climbed year over year to ¥31.36 billion from ¥30.46 billion.

Reported net income decreased year over year to ¥3.80 billion, or ¥119.40 per share, from ¥3.96 billion, or ¥124.39 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.