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AT-Group fiscal Q3 profit falls YOY

AT-Group Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥62.19 per share, a decrease of 7.2% from ¥66.99 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.09 billion, a decline of 7.2% from ¥2.25 billion in the year-earlier period.

The normalized profit margin climbed to 2.4% from 2.3% in the year-earlier period.

Total revenue declined 12.0% on an annual basis to ¥87.87 billion from ¥99.80 billion, and total operating expenses declined 12.0% from the prior-year period to ¥85.24 billion from ¥96.83 billion.

Reported net income fell year over year to ¥2.26 billion, or ¥67.16 per share, from ¥2.32 billion, or ¥69.13 per share.

As of Feb. 5, US$1 was equivalent to ¥117.45.