R. C. Core Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥20.52 per share, a decrease of 65.0% from ¥58.63 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥91.3 million, a decline of 64.7% from ¥258.8 million in the year-earlier period.
The normalized profit margin declined to 3.1% from 7.4% in the year-earlier period.
Total revenue decreased 15.4% on an annual basis to ¥2.94 billion from ¥3.48 billion, and total operating expenses decreased 8.8% on an annual basis to ¥2.79 billion from ¥3.07 billion.
Reported net income fell 73.4% year over year to ¥71.2 million, or ¥16.00 per share, from ¥267.9 million, or ¥60.72 per share.
For the year, the company's normalized net income totaled ¥96.05 per share, a decrease of 25.6% from ¥129.13 per share in the prior year.
Normalized net income was ¥425.6 million, a decrease of 24.9% from ¥566.9 million in the prior year.
Full-year total revenue declined from the prior-year period to ¥11.94 billion from ¥12.09 billion, and total operating expenses came to ¥11.26 billion, compared with ¥11.19 billion in the year-earlier period.
The company said reported net income fell 26.8% on an annual basis to ¥422.1 million, or ¥95.25 per share, in the full year, from ¥576.4 million, or ¥131.30 per share.
As of June 12, US$1 was equivalent to ¥123.29.
