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Chubu Suisan fiscal Q3 profit falls YOY

Chubu Suisan Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥42.94 per share, a decline of 22.5% from ¥55.39 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥76.9 million, a decline of 22.6% from ¥99.4 million in the prior-year period.

The normalized profit margin dropped to 0.6% from 0.8% in the year-earlier period.

Total revenue came to ¥12.30 billion, compared with ¥12.35 billion in the prior-year period, and total operating expenses totaled ¥12.19 billion, compared with ¥12.21 billion in the prior-year period.

Reported net income decreased 47.5% on an annual basis to ¥52.0 million, or ¥29.04 per share, from ¥99.0 million, or ¥55.18 per share.

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