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Kanemitsu fiscal Q3 profit falls YOY

4914865 said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to ¥17.41 per share, a decline of 36.9% from ¥27.58 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥89.0 million, a decrease of 36.9% from ¥141.0 million in the prior-year period.

The normalized profit margin declined to 4.3% from 7.1% in the year-earlier period.

Total revenue rose on an annual basis to ¥2.08 billion from ¥2.00 billion, and total operating expenses climbed 5.5% on an annual basis to ¥1.91 billion from ¥1.81 billion.

eported net income declined 47.3% from th Kanemitsu Corp..