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Kitamura fiscal Q3 profit falls YOY

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Kitamura fiscal Q3 profit falls YOY

Kitamura Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥165.06 per share, a decline from ¥167.89 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.95 billion, a decline from ¥3.00 billion in the year-earlier period.

The normalized profit margin declined to 6.3% from 6.9% in the year-earlier period.

Total revenue climbed 7.7% on an annual basis to ¥46.78 billion from ¥43.42 billion, and total operating expenses rose 9.0% from the prior-year period to ¥42.14 billion from ¥38.65 billion.

Reported net income grew 7.5% from the prior-year period to ¥3.87 billion, or ¥216.11 per share, from ¥3.60 billion, or ¥201.05 per share.

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