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Makiya fiscal Q4 profit falls YOY

Makiya Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥5.45 per share, a decrease of 57.1% from ¥12.71 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥54.4 million, a decrease of 57.1% from ¥126.9 million in the prior-year period.

The normalized profit margin dropped to 0.4% from 0.9% in the year-earlier period.

Total revenue fell year over year to ¥13.52 billion from ¥14.01 billion, and total operating expenses declined from the prior-year period to ¥13.50 billion from ¥13.87 billion.

Reported net income came to a loss of ¥15.0 million, or a loss of ¥1.50 per share, compared to income of ¥31.0 million, or ¥3.11 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥56.97 per share, a fall of 5.9% from ¥60.54 per share in the prior year.

Normalized net income was ¥568.8 million, a decline of 5.9% from ¥604.4 million in the prior year.

Full-year total revenue totaled ¥56.50 billion, compared with ¥56.40 billion in the prior year, and total operating expenses totaled ¥55.86 billion, compared with ¥55.70 billion in the year-earlier period.

The company said reported net income increased on an annual basis to ¥482.0 million, or ¥48.28 per share, in the full year, from ¥468.0 million, or ¥46.88 per share.

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