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Round One Corp. fiscal Q4 profit falls YOY

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Round One Corp. fiscal Q4 profit falls YOY

Round One Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥19.46 per share, a decrease of 33.8% from ¥29.41 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.85 billion, a decline of 33.8% from ¥2.80 billion in the prior-year period.

The normalized profit margin declined to 8.2% from 11.8% in the year-earlier period.

Total revenue declined on an annual basis to ¥22.74 billion from ¥23.69 billion, and total operating expenses increased year over year to ¥19.56 billion from ¥18.67 billion.

Reported net income totaled a loss of ¥6.39 billion, or a loss of ¥67.11 per share, compared to a loss of ¥5.26 billion, or a loss of ¥55.21 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥40.35 per share, a decline of 21.3% from ¥51.29 per share in the prior year.

Normalized net income was ¥3.84 billion, a fall of 21.3% from ¥4.89 billion in the prior year.

Full-year total revenue amounted to ¥83.91 billion, compared with ¥84.27 billion in the prior year, and total operating expenses rose on an annual basis to ¥77.26 billion from ¥74.18 billion.

The company said reported net income came to a loss of ¥4.57 billion, or a loss of ¥47.95 per share, in the full year, compared with a loss of ¥19.68 billion, or a loss of ¥206.56 per share, the prior year.

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