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Komeri fiscal Q3 profit falls YOY

Komeri Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥61.16 per share, a decline of 10.8% from ¥68.57 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.10 billion, a decline of 11.0% from ¥3.49 billion in the year-earlier period.

The normalized profit margin dropped to 3.6% from 3.9% in the year-earlier period.

Total revenue fell year over year to ¥87.38 billion from ¥90.06 billion, and total operating expenses declined from the prior-year period to ¥82.16 billion from ¥84.27 billion.

Reported net income declined 7.0% from the prior-year period to ¥3.10 billion, or ¥60.98 per share, from ¥3.33 billion, or ¥65.47 per share.

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