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Look Holdings Q4 profit falls YOY

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Look Holdings Q4 profit falls YOY

Look Holdings Inc. said its normalized net income for the fourth quarter was ¥10.01 per share, a decrease of 20.2% from ¥12.54 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥382.3 million, a decrease of 20.2% from ¥478.9 million in the year-earlier period.

The normalized profit margin dropped to 3.1% from 3.6% in the year-earlier period.

Total revenue fell 6.9% on an annual basis to ¥12.24 billion from ¥13.15 billion, and total operating expenses decreased 7.1% year over year to ¥11.54 billion from ¥12.41 billion.

Reported net income fell 36.5% year over year to ¥437.0 million, or ¥11.45 per share, from ¥688.0 million, or ¥18.02 per share.

For the year, the company's normalized net income totaled ¥10.29 per share, a decline of 58.1% from ¥24.58 per share in the prior year.

Normalized net income was ¥393.0 million, a fall of 58.2% from ¥939.4 million in the prior year.

Full-year total revenue totaled ¥46.00 billion, compared with ¥45.56 billion in the prior year, and total operating expenses rose year over year to ¥45.48 billion from ¥44.38 billion.

The company said reported net income fell 65.1% on an annual basis to ¥441.0 million, or ¥11.55 per share, in the full year, from ¥1.26 billion, or ¥33.03 per share.

As of March 30, US$1 was equivalent to ¥112.45.