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Atsugi fiscal Q3 profit falls YOY

Atsugi Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥23.34 per share, a decline from ¥24.12 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥393.4 million, a decline from ¥407.3 million in the prior-year period.

The normalized profit margin declined to 5.8% from 6.0% in the year-earlier period.

Total revenue totaled ¥6.80 billion, compared with ¥6.75 billion in the prior-year period, and total operating expenses grew year over year to ¥6.52 billion from ¥6.39 billion.

Reported net income increased from the prior-year period to ¥454.0 million, or ¥26.94 per share, from ¥449.0 million, or ¥26.60 per share.

As of Feb. 2, US$1 was equivalent to ¥117.28.