Sanden Holdings Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥13.10 per share, a decline of 31.0% from ¥19.00 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥362.0 million, a decrease of 30.8% from ¥522.9 million in the year-earlier period.
The normalized profit margin fell to 0.5% from 0.8% in the year-earlier period.
Total revenue increased 9.2% year over year to ¥71.16 billion from ¥65.19 billion, and total operating expenses climbed 8.0% on an annual basis to ¥70.67 billion from ¥65.42 billion.
Reported net income totaled a loss of ¥585.0 million, or a loss of ¥21.18 per share, compared to income of ¥742.0 million, or ¥26.97 per share, in the prior-year period.
As of Feb. 9, US$1 was equivalent to ¥118.60.
