trending Market Intelligence /marketintelligence/en/news-insights/trending/1MzLYSy8jlqlVkn-gBMdjQ2 content esgSubNav
In This List

MH Group fiscal Q3 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


MH Group fiscal Q3 profit falls YOY

MH Group Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 73 Japanese sen per share, a decline of 60.6% from ¥1.85 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.1 million, a decline of 60.6% from ¥20.6 million in the prior-year period.

The normalized profit margin dropped to 1.9% from 4.7% in the year-earlier period.

Total revenue declined on an annual basis to ¥417.0 million from ¥436.0 million, and total operating expenses came to ¥406.0 million, compared with ¥404.0 million in the prior-year period.

Reported net income declined 56.0% on an annual basis to ¥11.0 million, or 99 sen per share, from ¥25.0 million, or ¥2.24 per share.

As of May 12, US$1 was equivalent to ¥119.88.