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Aisan Industry fiscal Q4 profit falls YOY

Aisan Industry Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥12.81 per share, a decline of 58.3% from ¥30.71 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥802.9 million, a decline of 58.0% from ¥1.91 billion in the prior-year period.

The normalized profit margin fell to 1.5% from 3.3% in the year-earlier period.

Total revenue fell 6.7% on an annual basis to ¥53.84 billion from ¥57.70 billion, and total operating expenses decreased 5.0% from the prior-year period to ¥52.20 billion from ¥54.94 billion.

Reported net income declined 53.5% from the prior-year period to ¥549.9 million, or ¥8.76 per share, from ¥1.18 billion, or ¥19.00 per share.

For the year, the company's normalized net income totaled ¥89.74 per share, a decrease of 22.3% from ¥115.52 per share in the prior year.

Normalized net income was ¥5.62 billion, a decrease of 19.2% from ¥6.96 billion in the prior year.

Full-year total revenue increased year over year to ¥215.36 billion from ¥212.68 billion, and total operating expenses grew on an annual basis to ¥205.50 billion from ¥201.88 billion.

The company said reported net income fell 8.1% on an annual basis to ¥6.21 billion, or ¥99.06 per share, in the full year, from ¥6.76 billion, or ¥112.07 per share.

As of June 14, US$1 was equivalent to ¥105.87.