Ministop Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, came to ¥16.65 per share, a decline of 43.2% from ¥29.31 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥483.0 million, a decrease of 43.2% from ¥849.8 million in the year-earlier period.
The normalized profit margin dropped to 1.1% from 2.2% in the year-earlier period.
Total revenue increased 11.1% year over year to ¥42.36 billion from ¥38.12 billion, and total operating expenses climbed 12.7% on an annual basis to ¥41.74 billion from ¥37.03 billion.
Reported net income decreased 39.1% from the prior-year period to ¥278.4 million, or ¥9.60 per share, from ¥457.5 million, or ¥15.78 per share.
As of Jan. 13, US$1 was equivalent to ¥118.49.
