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Sanrio fiscal Q3 profit falls YOY

Sanrio Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥42.11 per share, a decrease of 9.7% from ¥46.64 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.67 billion, a decrease of 10.7% from ¥4.11 billion in the year-earlier period.

The normalized profit margin dropped to 18.2% from 18.4% in the year-earlier period.

Total revenue fell 9.6% year over year to ¥20.22 billion from ¥22.37 billion, and total operating expenses declined year over year to ¥14.71 billion from ¥15.41 billion.

Reported net income declined year over year to ¥4.11 billion, or ¥47.12 per share, from ¥4.29 billion, or ¥48.70 per share.

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