Carchs Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥9.20 per share, a decline of 31.9% from ¥13.51 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥220.3 million, a decline of 32.0% from ¥323.8 million in the prior-year period.
The normalized profit margin fell to 2.2% from 3.4% in the year-earlier period.
Total revenue grew year over year to ¥9.88 billion from ¥9.43 billion, and total operating expenses rose 6.6% year over year to ¥9.50 billion from ¥8.92 billion.
Reported net income decreased 69.6% year over year to ¥159.3 million, or ¥6.65 per share, from ¥524.4 million, or ¥21.88 per share.
For the year, the company's normalized net income totaled ¥10.87 per share, a fall of 70.9% from ¥37.39 per share in the prior year.
Normalized net income was ¥260.3 million, a fall of 70.7% from ¥886.9 million in the prior year.
Full-year total revenue decreased 6.8% on an annual basis to ¥31.77 billion from ¥34.07 billion, and total operating expenses declined on an annual basis to ¥31.34 billion from ¥32.67 billion.
The company said reported net income declined 79.3% on an annual basis to ¥263.0 million, or ¥10.98 per share, in the full year, from ¥1.27 billion, or ¥53.50 per share.
As of June 29, US$1 was equivalent to ¥122.67.