Boso Oil & Fat Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥11.09 per share, a decrease of 31.7% from ¥16.24 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥17.5 million, a decrease of 31.7% from ¥25.6 million in the prior-year period.
The normalized profit margin fell to 0.4% from 0.5% in the year-earlier period.
Total revenue declined 8.0% year over year to ¥4.82 billion from ¥5.24 billion, and total operating expenses decreased 6.1% on an annual basis to ¥4.87 billion from ¥5.19 billion.
Reported net income rose from the prior-year period to ¥41.0 million, or ¥25.98 per share, from ¥16.0 million, or ¥10.14 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
