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Tsukiji Uoichiba swings to loss in fiscal Q4

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Tsukiji Uoichiba swings to loss in fiscal Q4

Tsukiji Uoichiba Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of ¥15.87 per share, compared with ¥13.64 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥35.6 million, compared with income of ¥30.6 million in the year-earlier period.

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

Total revenue fell on an annual basis to ¥18.22 billion from ¥18.67 billion, and total operating expenses decreased from the prior-year period to ¥18.26 billion from ¥18.64 billion.

Reported net income totaled a loss of ¥41.0 million, or a loss of ¥18.27 per share, compared to income of ¥38.0 million, or ¥16.93 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥37.31 per share, a decline of 65.2% from ¥107.21 per share in the prior year.

Normalized net income was ¥83.8 million, a fall of 65.2% from ¥240.6 million in the prior year.

Full-year total revenue declined on an annual basis to ¥79.83 billion from ¥81.02 billion, and total operating expenses fell on an annual basis to ¥79.71 billion from ¥80.65 billion.

The company said reported net income declined 73.0% year over year to ¥132.0 million, or ¥58.81 per share, in the full year, from ¥489.0 million, or ¥217.87 per share.

As of June 26, US$1 was equivalent to ¥123.96.