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S&B Foods fiscal Q4 loss narrows YOY

S&B Foods Inc. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of ¥26.90 per share, compared with a loss of ¥51.84 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥182.5 million, compared with a loss of ¥360.0 million in the year-earlier period.

The normalized profit margin increased to negative 0.6% from negative 1.3% in the year-earlier period.

Total revenue came to ¥28.27 billion, compared with ¥28.45 billion in the year-earlier period, and total operating expenses decreased on an annual basis to ¥28.47 billion from ¥28.93 billion.

Reported net income totaled a loss of ¥792.0 million, or a loss of ¥116.73 per share, compared to a loss of ¥721.0 million, or a loss of ¥103.83 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥374.93 per share, an increase of 6.3% from ¥352.64 per share in the prior year.

Normalized net income was ¥2.58 billion, a rise of 5.3% from ¥2.45 billion in the prior year.

Full-year total revenue decreased from the prior-year period to ¥121.87 billion from ¥123.98 billion, and total operating expenses fell year over year to ¥117.61 billion from ¥119.85 billion.

The company said reported net income decreased on an annual basis to ¥1.99 billion, or ¥289.62 per share, in the full year, from ¥2.05 billion, or ¥295.79 per share.

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