Shingakukai Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥7.88 per share, a decline of 9.0% from ¥8.66 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥157.5 million, a decline of 9.0% from ¥173.1 million in the year-earlier period.
The normalized profit margin fell to 10.8% from 11.0% in the year-earlier period.
Total revenue decreased 7.3% on an annual basis to ¥1.45 billion from ¥1.57 billion, and total operating expenses decreased 8.7% on an annual basis to ¥1.35 billion from ¥1.48 billion.
Reported net income increased 58.5% year over year to ¥428.0 million, or ¥21.42 per share, from ¥270.0 million, or ¥13.51 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
