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Colowide fiscal Q3 profit falls YOY

Colowide Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥8.40 per share, a decrease of 50.7% from ¥17.03 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥630.5 million, a decrease of 50.7% from ¥1.28 billion in the year-earlier period.

The normalized profit margin dropped to 1.6% from 3.3% in the year-earlier period.

Total revenue grew year over year to ¥39.66 billion from ¥38.85 billion, and total operating expenses increased year over year to ¥38.00 billion from ¥36.30 billion.

Reported net income totaled ¥45.0 million, or 60 sen per share, compared to a loss of ¥692.0 million, or a loss of ¥9.22 per share, in the prior-year period.

As of Feb. 13, US$1 was equivalent to ¥118.68.