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Kosaikogei fiscal Q4 loss widens YOY

Kosaikogei Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Jan. 31 amounted to a loss of ¥55.07 per share, compared with a loss of ¥1.67 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥20.6 million, compared with a loss of ¥625,000 in the prior-year period.

The normalized profit margin dropped to negative 2.8% from negative 0.1% in the year-earlier period.

Total revenue declined year over year to ¥725.0 million from ¥747.0 million, and total operating expenses climbed from the prior-year period to ¥780.0 million from ¥759.0 million.

Reported net income came to a loss of ¥88.0 million, or a loss of ¥234.95 per share, compared to a loss of ¥3.0 million, or a loss of ¥8.01 per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of ¥26.70 per share, compared with ¥21.68 per share in the prior year.

Normalized net income was a loss of ¥10.0 million, compared with income of ¥8.1 million in the prior year.

Full-year total revenue increased 5.0% year over year to ¥2.80 billion from ¥2.67 billion, and total operating expenses increased 6.7% year over year to ¥2.84 billion from ¥2.66 billion.

The company said reported net income came to a loss of ¥67.0 million, or a loss of ¥178.86 per share, in the full year, compared with income of ¥7.0 million, or ¥18.68 per share, the prior year.

As of April 30, US$1 was equivalent to ¥119.69.