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Toyoda Gosei fiscal Q3 profit falls YOY

Toyoda Gosei Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥59.03 per share, a decrease of 12.9% from ¥67.76 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥7.64 billion, a decrease of 12.9% from ¥8.77 billion in the year-earlier period.

The normalized profit margin declined to 4.0% from 4.9% in the year-earlier period.

Total revenue climbed 5.3% on an annual basis to ¥188.98 billion from ¥179.50 billion, and total operating expenses increased 6.1% on an annual basis to ¥177.32 billion from ¥167.11 billion.

Reported net income fell 10.5% year over year to ¥7.98 billion, or ¥61.64 per share, from ¥8.91 billion, or ¥68.85 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.