Nichirei Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥22.75 per share, a decline of 11.0% from ¥25.55 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.25 billion, a decline of 10.9% from ¥3.65 billion in the year-earlier period.
The normalized profit margin declined to 2.2% from 2.6% in the year-earlier period.
Total revenue rose on an annual basis to ¥144.67 billion from ¥140.64 billion, and total operating expenses rose year over year to ¥138.68 billion from ¥134.23 billion.
Reported net income decreased 18.2% from the prior-year period to ¥3.52 billion, or ¥24.62 per share, from ¥4.30 billion, or ¥30.12 per share.
As of Feb. 6, US$1 was equivalent to ¥119.01.
