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Seiko Holdings fiscal Q4 loss narrows YOY

4916549 said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of ¥3.87 per share, compared with a loss of ¥18.57 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥159.8 million, compared with a loss of ¥767.4 million in the year-earlier period.

The normalized profit margin climbed to negative 0.2% from negative 0.9% in the year-earlier period.

Total revenue declined 8.0% year over year to ¥76.10 billion from ¥82.68 billion, and total operating expenses fell 7.6% on an annual basis to ¥75.76 billion from ¥82.04 billion.

Reported net income totaled a loss of ¥2.21 billion, or a loss of ¥53.55 per share, compared to a loss of ¥4.55 billion, or a loss of ¥110.18 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥185.77 per share, an increase of 27.9% from ¥145.28 per share in the prior year.

Normalized net income was ¥7.68 billion, an increase of 27.9% from ¥6.00 billion in the prior year.

Full-year total revenue declined year over year to ¥293.47 billion from ¥308.29 billion, and total operating expenses decreased year over year to ¥281.68 billion from ¥294.15 billion.

he company said reported net income grew o Seiko Holdings Corp..