trending Market Intelligence /marketintelligence/en/news-insights/trending/9I2J-rgVm1owMRqlfXY3OQ2 content esgSubNav
In This List

Foster Electric fiscal Q4 profit falls YOY

Blog

HDFC Securities Investment Research Now Available through S&P Capital IQ Pro

Podcast

MediaTalk | Season 2
Ep.2 Back to the Box Office

Blog

The Marriage of Two Best-in-Class Solutions Delivers a Significant Advancement in Data Visualization and Technical Analysis

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks


Foster Electric fiscal Q4 profit falls YOY

Foster Electric Co.Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥8.73 per share, a decline of 75.7% from ¥35.86 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥233.6 million, a decline of 73.2% from ¥870.4 million in the year-earlier period.

The normalized profit margin fell to 0.6% from 1.7% in the year-earlier period.

Total revenue fell 17.3% year over year to ¥41.35 billion from ¥50.02 billion, and total operating expenses decreased 15.6% on an annual basis to ¥40.87 billion from ¥48.45 billion.

Reported net income came to a loss of ¥697.0 million, or a loss of ¥26.05 per share, compared to income of ¥273.7 million, or ¥11.28 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥233.04 per share, a decrease of 8.9% from ¥255.76 per share in the prior year.

Normalized net income was ¥6.23 billion, a gain from ¥6.03 billion in the prior year.

Full-year total revenue amounted to ¥190.93 billion, compared with ¥189.12 billion in the prior year, and total operating expenses totaled ¥180.58 billion, compared with ¥179.38 billion in the prior-year period.

The company said reported net income rose 40.7% on an annual basis to ¥6.83 billion, or ¥255.40 per share, in the full year, from ¥4.86 billion, or ¥206.16 per share.

As of June 23, US$1 was equivalent to ¥105.69.