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Olympic Group Corp. fiscal Q4 profit falls YOY

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Capital Markets View – January 2021


Olympic Group Corp. fiscal Q4 profit falls YOY

Olympic Group Corp. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was 73 Japanese sen per share, a decrease of 69.2% from ¥2.39 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.9 million, a decrease of 69.3% from ¥55.0 million in the prior-year period.

The normalized profit margin declined to 0.1% from 0.2% in the year-earlier period.

Total revenue climbed year over year to ¥26.79 billion from ¥25.90 billion, and total operating expenses increased on an annual basis to ¥26.68 billion from ¥25.76 billion.

Reported net income totaled a loss of ¥202.0 million, or a loss of ¥8.79 per share, compared to income of ¥4.0 million, or 17 sen per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥6.07 per share, a decline of 5.7% from ¥6.43 per share in the prior year.

Normalized net income was ¥139.4 million, a decrease of 6.3% from ¥148.8 million in the prior year.

Full-year total revenue grew year over year to ¥104.07 billion from ¥100.96 billion, and total operating expenses increased on an annual basis to ¥103.69 billion from ¥100.58 billion.

The company said reported net income came to a loss of ¥340.0 million, or a loss of ¥14.80 per share, in the full year, compared with income of ¥28.0 million, or ¥1.21 per share, the prior year.

As of May 28, US$1 was equivalent to ¥124.24.