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Onward Holdings fiscal Q3 profit falls YOY

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Onward Holdings fiscal Q3 profit falls YOY

4259944 said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to ¥22.94 per share, a decrease of 18.3% from ¥28.09 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.64 billion, a decline of 18.2% from ¥4.45 billion in the prior-year period.

The normalized profit margin declined to 4.8% from 6.1% in the year-earlier period.

Total revenue climbed year over year to ¥75.59 billion from ¥73.12 billion, and total operating expenses climbed 5.6% on an annual basis to ¥70.05 billion from ¥66.33 billion.

Reported net income totaled ¥4.12 billion, or ¥25.95 per share, compared to ¥4.11 billion, or ¥25.90 per share, in the prior-year period.

s of Jan. 14, US$1 was equivalent to ¥116.84.Onward Holdings Co. Ltd.

4259944 said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to ¥22.94 per share, a decrease of 18.3% from ¥28.09 per share in the year-earlier period.