Carchs Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥1.80 per share, a decline of 72.1% from ¥6.45 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥43.1 million, a decrease of 71.8% from ¥153.1 million in the prior-year period.
The normalized profit margin fell to 0.6% from 1.9% in the year-earlier period.
Total revenue fell 10.4% year over year to ¥7.11 billion from ¥7.94 billion, and total operating expenses declined 8.5% year over year to ¥7.04 billion from ¥7.70 billion.
Reported net income decreased 58.5% from the prior-year period to ¥83.3 million, or ¥3.48 per share, from ¥200.6 million, or ¥8.45 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
