trending Market Intelligence /marketintelligence/en/news-insights/trending/6C0fX-BM9M25HEmiOwBxPg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Sagami Chain fiscal Q4 profit climbs YOY

Capital Markets View – February 2021

Blog

TMT News & Insights: February 2021

Blog

Whats on the Horizon for the Cruise Hotel Resorts Sector

Blog

Latin America multichannel broadband market 2020 recap


Sagami Chain fiscal Q4 profit climbs YOY

Sagami Chain Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥4.64 per share, a gain from ¥1.47 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥115.9 million, a gain from ¥36.6 million in the year-earlier period.

The normalized profit margin increased to 1.8% from 0.8% in the year-earlier period.

Total revenue increased 31.2% on an annual basis to ¥6.28 billion from ¥4.78 billion, and total operating expenses grew 29.4% on an annual basis to ¥6.11 billion from ¥4.73 billion.

Reported net income grew 22.6% year over year to ¥195.0 million, or ¥7.81 per share, from ¥159.0 million, or ¥6.37 per share.

For the year, the company's normalized net income totaled ¥16.58 per share, a gain of 14.4% from ¥14.50 per share in the prior year.

Normalized net income was ¥413.9 million, a gain of 14.3% from ¥362.0 million in the prior year.

Full-year total revenue grew 29.8% year over year to ¥25.34 billion from ¥19.52 billion, and total operating expenses grew 30.4% year over year to ¥24.76 billion from ¥18.99 billion.

The company said reported net income fell 23.0% on an annual basis to ¥458.0 million, or ¥18.35 per share, in the full year, from ¥595.0 million, or ¥23.83 per share.

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