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Tsukiji Uoichiba fiscal Q3 profit falls YOY

Tsukiji Uoichiba Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥38.71 per share, a decrease of 28.4% from ¥54.02 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥86.9 million, a decrease of 28.4% from ¥121.3 million in the year-earlier period.

The normalized profit margin declined to 0.4% from 0.5% in the year-earlier period.

Total revenue totaled ¥23.16 billion, compared with ¥23.10 billion in the year-earlier period, and total operating expenses totaled ¥23.01 billion, compared with ¥22.89 billion in the prior-year period.

Reported net income fell 34.5% on an annual basis to ¥127.0 million, or ¥56.58 per share, from ¥194.0 million, or ¥86.43 per share.

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