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Semba Tohka Industries fiscal Q3 profit falls YOY

Semba Tohka Industries Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥10.38 per share, a decline of 18.5% from ¥12.74 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥118.1 million, a decrease of 18.5% from ¥145.0 million in the year-earlier period.

The normalized profit margin dropped to 2.7% from 3.5% in the year-earlier period.

Total revenue increased 7.6% year over year to ¥4.43 billion from ¥4.11 billion, and total operating expenses climbed 8.9% on an annual basis to ¥4.23 billion from ¥3.88 billion.

Reported net income decreased 23.0% on an annual basis to ¥114.0 million, or ¥10.01 per share, from ¥148.0 million, or ¥13.00 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.