trending Market Intelligence /marketintelligence/en/news-insights/trending/62zfI1VbA62tjpjGvyXRjw2 content esgSubNav
In This List

Sanyo Shokai swings to loss in Q4

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

2022 broadband forecast shifts to market share battle with intense competition


Sanyo Shokai swings to loss in Q4

Sanyo Shokai Ltd. said its normalized net income for the fourth quarter came to a loss of ¥3.68 per share, compared with ¥244.49 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 ¥46.3 million, compared with income of ¥3.07 billion in the prior-year period.

The normalized profit margin dropped to negative 0.2% from 8.7% in the year-earlier period.

Total revenue declined 32.4% on an annual basis to ¥23.80 billion from ¥35.20 billion, and total operating expenses fell 20.8% on an annual basis to ¥24.07 billion from ¥30.39 billion.

Reported net income totaled a loss of ¥479.0 million, or a loss of ¥38.11 per share, compared to income of ¥2.66 billion, or ¥211.82 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥349.82 per share, a decline of 32.0% from ¥514.38 per share in the prior year.

Normalized net income was ¥4.40 billion, a decline of 32.0% from ¥6.47 billion in the prior year.

Full-year total revenue fell 12.2% year over year to ¥97.42 billion from ¥111.00 billion, and total operating expenses declined 9.9% on an annual basis to ¥90.84 billion from ¥100.78 billion.

The company said reported net income declined 58.9% year over year to ¥2.60 billion, or ¥206.43 per share, in the full year, from ¥6.32 billion, or ¥502.54 per share.

As of March 30, US$1 was equivalent to ¥112.45.