Nagatanien Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥32.22 per share, a decline of 24.7% from ¥42.77 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.16 billion, a decrease of 25.5% from ¥1.55 billion in the year-earlier period.
The normalized profit margin dropped to 5.1% from 7.6% in the year-earlier period.
Total revenue grew 10.3% on an annual basis to ¥22.63 billion from ¥20.52 billion, and total operating expenses grew 15.7% on an annual basis to ¥20.87 billion from ¥18.05 billion.
Reported net income fell 30.4% year over year to ¥1.09 billion, or ¥30.22 per share, from ¥1.56 billion, or ¥42.94 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
