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Kabushiki Kaisha Seiyoken swings to loss in fiscal Q4

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Kabushiki Kaisha Seiyoken swings to loss in fiscal Q4

Kabushiki Kaisha Seiyoken said its normalized net income for the fiscal fourth quarter ended Jan. 31 amounted to a loss of 72 Japanese sen per share, compared with ¥5.05 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥1.9 million, compared with income of ¥13.1 million in the prior-year period.

The normalized profit margin dropped to negative 0.3% from 1.7% in the year-earlier period.

Total revenue declined on an annual basis to ¥741.0 million from ¥779.0 million, and total operating expenses declined on an annual basis to ¥750.0 million from ¥764.0 million.

Reported net income totaled a loss of ¥12.0 million, or a loss of ¥4.61 per share, compared to income of ¥9.0 million, or ¥3.46 per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of ¥29.56 per share, compared with a loss of ¥12.50 per share in the prior year.

Normalized net income was a loss of ¥76.9 million, compared with a loss of ¥32.5 million in the prior year.

Full-year total revenue fell 9.4% on an annual basis to ¥2.74 billion from ¥3.02 billion, and total operating expenses decreased 6.9% on an annual basis to ¥2.88 billion from ¥3.09 billion.

The company said reported net income totaled a loss of ¥184.0 million, or a loss of ¥70.75 per share, in the full year, compared with a loss of ¥69.0 million, or a loss of ¥26.53 per share, the prior year.

As of April 28, US$1 was equivalent to ¥118.81.