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Arata Corp. fiscal Q4 profit falls YOY

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Arata Corp. fiscal Q4 profit falls YOY

Arata Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥13.49 per share, a decrease of 76.0% from ¥56.29 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥207.9 million, a decline of 76.0% from ¥867.9 million in the year-earlier period.

The normalized profit margin fell to 0.1% from 0.5% in the year-earlier period.

Total revenue decreased 7.0% on an annual basis to ¥151.12 billion from ¥162.40 billion, and total operating expenses decreased 6.3% on an annual basis to ¥150.63 billion from ¥160.83 billion.

Reported net income fell 81.6% year over year to ¥210.0 million, or ¥13.62 per share, from ¥1.14 billion, or ¥74.20 per share.

For the year, the company's normalized net income totaled ¥95.67 per share, a decline of 44.8% from ¥173.18 per share in the prior year.

Normalized net income was ¥1.47 billion, a fall of 44.8% from ¥2.67 billion in the prior year.

Full-year total revenue declined from the prior-year period to ¥638.79 billion from ¥651.95 billion, and total operating expenses fell on an annual basis to ¥636.33 billion from ¥647.45 billion.

The company said reported net income decreased 53.8% on an annual basis to ¥1.12 billion, or ¥72.91 per share, in the full year, from ¥2.44 billion, or ¥157.94 per share.

As of June 26, US$1 was equivalent to ¥123.96.