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CSMEN Co. fiscal Q4 profit climbs YOY

CSMEN Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to ¥23.75 per share, an increase from ¥3.17 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥18.8 million, an increase from ¥2.5 million in the prior-year period.

The normalized profit margin rose to 1.0% from 0.1% in the year-earlier period.

Total revenue decreased on an annual basis to ¥1.83 billion from ¥1.85 billion, and total operating expenses decreased from the prior-year period to ¥1.79 billion from ¥1.84 billion.

Reported net income totaled a loss of ¥35.0 million, or a loss of ¥44.33 per share, compared to a loss of ¥14.0 million, or a loss of ¥17.73 per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of ¥13.46 per share, compared with a loss of ¥54.62 per share in the prior year.

Normalized net income was a loss of ¥10.6 million, compared with a loss of ¥43.1 million in the prior year.

Full-year total revenue rose from the prior-year period to ¥6.83 billion from ¥6.75 billion, and total operating expenses came to ¥6.83 billion, compared with ¥6.81 billion in the prior-year period.

The company said reported net income came to a loss of ¥93.0 million, or a loss of ¥117.78 per share, in the full year, compared with a loss of ¥83.0 million, or a loss of ¥105.12 per share, the prior year.

As of May 22, US$1 was equivalent to ¥121.48.