trending Market Intelligence /marketintelligence/en/news-insights/trending/_Ixa82_WCRKPebIIFCttkg2 content esgSubNav
In This List

Kawai Musical Instruments fiscal Q4 profit falls YOY

The Cobalt Expansion Drive Is A Copper Story

Podcast

Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk

Podcast

Maritime and Trade Talk | E10: Navigating Maritime Risks from an Insurers’ Perspective?

Podcast

Maritime and Trade Talk | Episode 11: Trade Outlook - Response To Geopolitical Events


Kawai Musical Instruments fiscal Q4 profit falls YOY

Kawai Musical Instruments Mfg. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥13.47 per share, a decline of 71.0% from ¥46.42 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥111.4 million, a decline of 71.7% from ¥393.0 million in the year-earlier period.

The normalized profit margin declined to 0.6% from 2.3% in the year-earlier period.

Total revenue rose 8.8% on an annual basis to ¥18.24 billion from ¥16.77 billion, and total operating expenses increased 10.9% on an annual basis to ¥18.00 billion from ¥16.23 billion.

Reported net income came to a loss of ¥122.0 million, or a loss of ¥14.76 per share, compared to income of ¥384.0 million, or ¥45.36 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥147.63 per share, a decrease of 23.0% from ¥191.75 per share in the prior year.

Normalized net income was ¥1.24 billion, a decline of 23.6% from ¥1.62 billion in the prior year.

Full-year total revenue increased 9.9% on an annual basis to ¥66.34 billion from ¥60.39 billion, and total operating expenses rose 10.8% year over year to ¥64.78 billion from ¥58.48 billion.

The company said reported net income declined 31.9% on an annual basis to ¥1.05 billion, or ¥125.54 per share, in the full year, from ¥1.55 billion, or ¥182.73 per share.

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