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Nishimatsuya profit holds relatively steady YOY in fiscal Q3

Nishimatsuya Chain Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 20 came to ¥24.42 per share, compared with ¥24.25 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.61 billion, compared with ¥1.61 billion in the year-earlier period.

The normalized profit margin climbed to 4.6% from 4.5% in the year-earlier period.

Total revenue decreased on an annual basis to ¥35.23 billion from ¥35.69 billion, and total operating expenses declined on an annual basis to ¥32.70 billion from ¥33.17 billion.

Reported net income declined from the prior-year period to ¥1.45 billion, or ¥21.99 per share, from ¥1.47 billion, or ¥22.17 per share.

As of Dec. 25, US$1 was equivalent to ¥120.11.