Karula Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, came to ¥5.20 per share, a decline of 13.8% from ¥6.03 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥31.3 million, a decline of 13.8% from ¥36.3 million in the prior-year period.
The normalized profit margin declined to 1.6% from 2.0% in the year-earlier period.
Total revenue grew year over year to ¥1.91 billion from ¥1.85 billion, and total operating expenses increased year over year to ¥1.87 billion from ¥1.79 billion.
Reported net income came to a loss of ¥23.0 million, or a loss of ¥3.83 per share, compared to income of ¥26.0 million, or ¥4.33 per share, in the year-earlier period.
As of Jan. 13, US$1 was equivalent to ¥118.49.
