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SHO-BI Corp. swings to profit in fiscal Q4

SHO-BI Corp. said its normalized net income for the fiscal fourth quarter ended Sept. 30 came to ¥2.66 per share, compared with a loss of ¥2.42 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥35.6 million, compared with a loss of ¥32.5 million in the year-earlier period.

The normalized profit margin climbed to 0.8% from negative 0.8% in the year-earlier period.

Total revenue climbed 11.8% on an annual basis to ¥4.46 billion from ¥3.99 billion, and total operating expenses increased 9.2% from the prior-year period to ¥4.38 billion from ¥4.02 billion.

Reported net income totaled ¥22.0 million, or ¥1.64 per share, compared to a loss of ¥77.0 million, or a loss of ¥5.74 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥15.15 per share, a fall of 17.1% from ¥18.27 per share in the prior year.

Normalized net income was ¥203.1 million, a decrease of 17.1% from ¥245.0 million in the prior year.

Full-year total revenue increased 9.4% year over year to ¥17.77 billion from ¥16.24 billion, and total operating expenses increased 8.3% year over year to ¥17.31 billion from ¥15.98 billion.

The company said reported net income grew 52.1% year over year to ¥181.0 million, or ¥13.50 per share, in the full year, from ¥119.0 million, or ¥8.87 per share.

As of Dec. 22, US$1 was equivalent to ¥117.52.