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Tokatsu Holdings fiscal Q4 profit falls YOY

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Tokatsu Holdings fiscal Q4 profit falls YOY

Tokatsu Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥15.67 per share, a decrease of 30.3% from ¥22.48 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥76.9 million, a decrease of 30.5% from ¥110.6 million in the year-earlier period.

The normalized profit margin fell to 4.0% from 4.8% in the year-earlier period.

Total revenue fell 17.0% on an annual basis to ¥1.92 billion from ¥2.31 billion, and total operating expenses decreased 16.3% on an annual basis to ¥1.79 billion from ¥2.14 billion.

Reported net income declined 26.9% from the prior-year period to ¥76.0 million, or ¥15.49 per share, from ¥104.0 million, or ¥21.12 per share.

For the year, the company's normalized net income totaled ¥58.60 per share, a decline from ¥60.66 per share in the prior year.

Normalized net income was ¥288.1 million, a decrease from ¥297.5 million in the prior year.

Full-year total revenue declined from the prior-year period to ¥7.31 billion from ¥7.46 billion, and total operating expenses decreased year over year to ¥6.84 billion from ¥6.99 billion.

The company said reported net income grew on an annual basis to ¥282.0 million, or ¥57.35 per share, in the full year, from ¥271.2 million, or ¥55.30 per share.

As of June 29, US$1 was equivalent to ¥122.67.