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East Japan Railway fiscal Q3 profit falls YOY

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East Japan Railway fiscal Q3 profit falls YOY

East Japan Railway Co. said its normalized net income for the fiscal third quarter ended Dec. 31, 2016, amounted to ¥197.84 per share, a decline from ¥203.26 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥76.91 billion, a decrease from ¥79.64 billion in the prior-year period.

The normalized profit margin dropped to 10.6% from 10.9% in the year-earlier period.

Total revenue totaled ¥726.18 billion, compared with ¥728.30 billion in the year-earlier period, and total operating expenses totaled ¥588.19 billion, compared with ¥585.89 billion in the prior-year period.

Reported net income increased 9.3% on an annual basis to ¥88.33 billion, or ¥227.22 per share, from ¥80.83 billion, or ¥206.28 per share.

As of Feb. 8, US$1 was equivalent to ¥111.80.