Gourmet Kineya Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥1.20 per share, a decline of 61.6% from ¥3.12 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥26.9 million, a decline of 61.6% from ¥70.0 million in the year-earlier period.
The normalized profit margin fell to 0.3% from 0.8% in the year-earlier period.
Total revenue increased 6.9% on an annual basis to ¥9.79 billion from ¥9.16 billion, and total operating expenses rose 7.8% year over year to ¥9.75 billion from ¥9.04 billion.
Reported net income declined 58.0% year over year to ¥34.0 million, or ¥1.52 per share, from ¥81.0 million, or ¥3.62 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
