trending Market Intelligence /marketintelligence/en/news-insights/trending/3lq_h2rshAhSnUyc8bfvFw2 content esgSubNav
In This List

Miyakoshi Holdings fiscal Q4 profit falls YOY

The Cobalt Expansion Drive Is A Copper Story

Blog

IPEM 2023: Industry Outlook & Key Takeaways- In Crisis Lies Opportunity

Podcast

Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk

Podcast

Maritime and Trade Talk | E10: Navigating Maritime Risks from an Insurers’ Perspective?


Miyakoshi Holdings fiscal Q4 profit falls YOY

Miyakoshi Holdings Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥6.62 per share, a decrease of 22.1% from ¥8.50 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥102.9 million, a decrease of 22.1% from ¥132.0 million in the year-earlier period.

The normalized profit margin rose to 35.2% from 9.2% in the year-earlier period.

Total revenue fell 79.7% year over year to ¥292.0 million from ¥1.44 billion, and total operating expenses decreased 87.6% year over year to ¥145.0 million from ¥1.17 billion.

Reported net income came to a loss of ¥162.0 million, or a loss of ¥10.43 per share, compared to income of ¥167.0 million, or ¥10.75 per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of ¥1.06 per share, compared with ¥19.47 per share in the prior year.

Normalized net income was a loss of ¥16.5 million, compared with income of ¥302.5 million in the prior year.

Full-year total revenue fell 59.9% from the prior-year period to ¥2.25 billion from ¥5.60 billion, and total operating expenses declined 66.0% year over year to ¥1.74 billion from ¥5.10 billion.

The company said reported net income rose on an annual basis to ¥1.40 billion, or ¥90.38 per share, in the full year, from ¥304.0 million, or ¥19.57 per share.

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