Shimojima Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥28.94 per share, a decrease of 10.2% from ¥32.23 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥679.1 million, a decline of 10.2% from ¥756.5 million in the year-earlier period.
The normalized profit margin declined to 4.8% from 5.3% in the year-earlier period.
Total revenue decreased on an annual basis to ¥14.00 billion from ¥14.39 billion, and total operating expenses fell from the prior-year period to ¥13.00 billion from ¥13.20 billion.
Reported net income fell 25.0% from the prior-year period to ¥541.0 million, or ¥23.05 per share, from ¥721.0 million, or ¥30.72 per share.
As of Feb. 6, US$1 was equivalent to ¥119.01.
