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C'bon Cosmetics fiscal Q3 profit falls YOY

C'bon Cosmetics Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to ¥30.56 per share, a decrease of 8.6% from ¥33.42 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥123.8 million, a decline of 7.9% from ¥134.4 million in the prior-year period.

The normalized profit margin rose to 3.7% from 3.6% in the year-earlier period.

Total revenue fell 9.2% on an annual basis to ¥3.36 billion from ¥3.70 billion, and total operating expenses declined 9.3% on an annual basis to ¥3.18 billion from ¥3.50 billion.

Reported net income decreased 11.1% year over year to ¥120.0 million, or ¥29.63 per share, from ¥135.0 million, or ¥33.57 per share.

As of Feb. 10, US$1 was equivalent to ¥114.87.