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Toso fiscal Q3 profit falls YOY

Toso Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥6.03 per share, a decrease of 64.2% from ¥16.86 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥63.4 million, a decline of 64.0% from ¥175.9 million in the year-earlier period.

The normalized profit margin declined to 1.2% from 2.9% in the year-earlier period.

Total revenue fell 11.3% year over year to ¥5.34 billion from ¥6.02 billion, and total operating expenses fell 8.7% on an annual basis to ¥5.23 billion from ¥5.73 billion.

Reported net income came to ¥51.0 million, or ¥4.85 per share, compared to a loss of ¥6.0 million, or a loss of 58 sen per share, in the year-earlier period.

As of Feb. 10, US$1 was equivalent to ¥119.28.