Aoyama Trading Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥62.75 per share, a decline of 16.9% from ¥75.47 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.63 billion, a decline of 20.4% from ¥4.57 billion in the prior-year period.
The normalized profit margin dropped to 6.2% from 7.4% in the year-earlier period.
Total revenue declined on an annual basis to ¥58.79 billion from ¥61.34 billion, and total operating expenses declined on an annual basis to ¥53.37 billion from ¥54.31 billion.
Reported net income declined 7.4% on an annual basis to ¥4.28 billion, or ¥73.96 per share, from ¥4.63 billion, or ¥76.45 per share.
As of Feb. 12, US$1 was equivalent to ¥118.90.
