Autobacs Seven Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥48.44 per share, a decrease of 10.4% from ¥54.05 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥4.19 billion, a decline of 14.3% from ¥4.89 billion in the prior-year period.
The normalized profit margin fell to 6.0% from 6.6% in the year-earlier period.
Total revenue fell 6.2% year over year to ¥69.90 billion from ¥74.56 billion, and total operating expenses declined 5.0% from the prior-year period to ¥63.68 billion from ¥67.06 billion.
Reported net income decreased 13.9% from the prior-year period to ¥4.30 billion, or ¥49.76 per share, from ¥5.00 billion, or ¥55.31 per share.
As of Feb. 6, US$1 was equivalent to ¥119.01.
