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Yahoo Japan fiscal Q3 profit falls YOY

Z Holdings Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to ¥4.69 per share, a decline of 15.4% from ¥5.54 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥26.69 billion, a decrease of 15.4% from ¥31.55 billion in the year-earlier period.

The normalized profit margin fell to 13.6% from 29.3% in the year-earlier period.

Total revenue increased 82.6% year over year to ¥196.43 billion from ¥107.57 billion, and total operating expenses increased on an annual basis to ¥153.27 billion from ¥57.57 billion.

Reported net income decreased 13.9% year over year to ¥28.81 billion, or ¥5.06 per share, from ¥33.47 billion, or ¥5.88 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.