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Dynic fiscal Q3 profit falls YOY

Dynic Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥18.42 per share, a decrease of 23.4% from ¥24.03 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥156.1 million, a decline of 23.4% from ¥203.8 million in the year-earlier period.

The normalized profit margin declined to 1.5% from 2.0% in the year-earlier period.

Total revenue totaled ¥10.38 billion, compared with ¥10.40 billion in the year-earlier period, and total operating expenses grew year over year to ¥10.18 billion from ¥10.07 billion.

Reported net income came to a loss of ¥183.0 million, or a loss of ¥21.59 per share, compared to income of ¥34.0 million, or ¥4.01 per share, in the year-earlier period.

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