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RareJob swings to loss in fiscal Q4


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RareJob swings to loss in fiscal Q4

RareJob Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of ¥2.11 per share, compared with ¥13.19 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥4.4 million, compared with income of ¥23.8 million in the prior-year period.

The normalized profit margin declined to negative 0.8% from 5.1% in the year-earlier period.

Total revenue grew 18.8% on an annual basis to ¥555.0 million from ¥467.0 million, and total operating expenses rose 29.9% from the prior-year period to ¥552.0 million from ¥425.0 million.

Reported net income increased 7.3% year over year to ¥24.7 million, or ¥11.88 per share, from ¥23.0 million, or ¥12.78 per share.

For the year, the company's normalized net income totaled ¥45.12 per share, a gain of 23.6% from ¥36.50 per share in the prior year.

Normalized net income was ¥90.6 million, a gain of 42.2% from ¥63.8 million in the prior year.

Full-year total revenue increased 25.0% on an annual basis to ¥2.11 billion from ¥1.69 billion, and total operating expenses grew 22.7% year over year to ¥1.91 billion from ¥1.56 billion.

The company said reported net income grew on an annual basis to ¥107.2 million, or ¥53.39 per share, in the full year, from ¥35.0 million, or ¥20.04 per share.

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