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Ginza Renoir fiscal Q4 profit falls YOY

Ginza Renoir Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was 51 Japanese sen per share, a decline of 41.6% from 87 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.1 million, a decline of 40.5% from ¥5.3 million in the year-earlier period.

The normalized profit margin fell to 0.2% from 0.3% in the year-earlier period.

Total revenue climbed 8.6% year over year to ¥1.84 billion from ¥1.69 billion, and total operating expenses climbed 8.1% from the prior-year period to ¥1.85 billion from ¥1.71 billion.

Reported net income came to ¥87.5 million, or ¥14.19 per share, compared to a loss of ¥39.3 million, or a loss of ¥6.45 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥33.46 per share, a decrease of 28.0% from ¥46.47 per share in the prior year.

Normalized net income was ¥205.6 million, a fall of 27.4% from ¥283.4 million in the prior year.

Full-year total revenue rose 6.8% from the prior-year period to ¥7.23 billion from ¥6.77 billion, and total operating expenses increased 9.0% on an annual basis to ¥6.95 billion from ¥6.38 billion.

The company said reported net income increased 37.3% year over year to ¥247.6 million, or ¥40.29 per share, in the full year, from ¥180.3 million, or ¥29.56 per share.

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