SAN Holdings Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥48.85 per share, a decline of 31.3% from ¥71.11 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥274.4 million, a decrease of 31.3% from ¥399.4 million in the prior-year period.
The normalized profit margin dropped to 6.2% from 8.3% in the year-earlier period.
Total revenue declined 8.7% on an annual basis to ¥4.40 billion from ¥4.82 billion, and total operating expenses declined 5.0% year over year to ¥3.97 billion from ¥4.18 billion.
Reported net income declined 32.5% year over year to ¥222.0 million, or ¥39.53 per share, from ¥329.0 million, or ¥58.58 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
