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J. Front Retailing fiscal Q3 profit falls YOY

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J. Front Retailing fiscal Q3 profit falls YOY

J. Front Retailing Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was ¥13.34 per share, a decline of 6.9% from ¥14.33 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.52 billion, a decrease of 7.0% from ¥3.78 billion in the year-earlier period.

The normalized profit margin dropped to 1.3% from 1.4% in the year-earlier period.

Total revenue came to ¥270.99 billion, compared with ¥272.35 billion in the prior-year period, and total operating expenses came to ¥264.25 billion, compared with ¥265.04 billion in the prior-year period.

Reported net income decreased 18.4% from the prior-year period to ¥2.33 billion, or ¥8.84 per share, from ¥2.86 billion, or ¥10.82 per share.

As of Jan. 9, US$1 was equivalent to ¥118.86.