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Arcs Co. fiscal Q3 profit falls YOY

Arcs Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was ¥25.90 per share, a decrease of 16.4% from ¥30.97 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.45 billion, a decline of 14.8% from ¥1.70 billion in the prior-year period.

The normalized profit margin dropped to 1.2% from 1.6% in the year-earlier period.

Total revenue rose 7.3% year over year to ¥116.30 billion from ¥108.35 billion, and total operating expenses grew 7.6% from the prior-year period to ¥113.97 billion from ¥105.89 billion.

Reported net income grew on an annual basis to ¥2.72 billion, or ¥48.59 per share, from ¥1.33 billion, or ¥24.13 per share.

As of Jan. 14, US$1 was equivalent to ¥116.84.