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Pressance fiscal Q3 profit falls YOY

Pressance Corp. Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥4.64 per share, a decline of 9.5% from ¥5.13 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥285.6 million, a decline of 9.3% from ¥315.0 million in the year-earlier period.

The normalized profit margin dropped to 3.8% from 4.4% in the year-earlier period.

Total revenue climbed 6.1% on an annual basis to ¥7.53 billion from ¥7.10 billion, and total operating expenses rose 6.7% on an annual basis to ¥7.00 billion from ¥6.56 billion.

Reported net income fell from the prior-year period to ¥286.3 million, or ¥4.65 per share, from ¥299.2 million, or ¥4.87 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.