CB Group Management Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥22.48 per share, a decrease of 77.3% from ¥98.98 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥49.4 million, a decrease of 77.3% from ¥217.5 million in the prior-year period.
The normalized profit margin dropped to 0.1% from 0.6% in the year-earlier period.
Total revenue decreased year over year to ¥34.54 billion from ¥35.81 billion, and total operating expenses declined from the prior-year period to ¥34.45 billion from ¥35.45 billion.
Reported net income totaled a loss of ¥679.0 million, or a loss of ¥309.20 per share, compared to income of ¥231.0 million, or ¥105.12 per share, in the year-earlier period.
As of Feb. 10, US$1 was equivalent to ¥119.28.
