trending Market Intelligence /marketintelligence/en/news-insights/trending/4Vlgx8b6syo57HdU-raUgA2 content esgSubNav
In This List

Showa swings to loss in fiscal Q4

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

LCD Monthly Newsletter: September 2021

Blog

Industries Most and Least Impacted by COVID-19: A Market-Implied Probability of Default Perspective

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic


Showa swings to loss in fiscal Q4

Showa Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of ¥107.29 per share, compared with ¥33.75 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 ¥8.15 billion, compared with income of ¥2.56 billion in the year-earlier period.

The normalized profit margin fell to negative 12.6% from 3.9% in the year-earlier period.

Total revenue decreased on an annual basis to ¥64.84 billion from ¥66.19 billion, and total operating expenses grew 24.4% on an annual basis to ¥76.53 billion from ¥61.50 billion.

Reported net income came to a loss of ¥10.16 billion, or a loss of ¥133.70 per share, compared to income of ¥3.82 billion, or ¥50.23 per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of ¥6.74 per share, compared with ¥119.32 per share in the prior year.

Normalized net income was a loss of ¥512.1 million, compared with income of ¥9.06 billion in the prior year.

Full-year total revenue fell from the prior-year period to ¥258.25 billion from ¥266.41 billion, and total operating expenses rose on an annual basis to ¥254.99 billion from ¥249.52 billion.

The company said reported net income totaled a loss of ¥2.35 billion, or a loss of ¥30.91 per share, in the full year, compared with income of ¥11.57 billion, or ¥152.30 per share, the prior year.

As of June 24, US$1 was equivalent to ¥102.09.