trending Market Intelligence /marketintelligence/en/news-insights/trending/c7nO2lAPjmfZVm_QNAUKFA2 content esgSubNav
In This List

Ocean System fiscal Q4 profit falls YOY

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Ocean System fiscal Q4 profit falls YOY

Ocean System Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥7.05 per share, a decline of 29.7% from ¥10.03 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥69.4 million, a decline of 29.7% from ¥98.8 million in the prior-year period.

The normalized profit margin declined to 0.6% from 0.9% in the year-earlier period.

Total revenue totaled ¥10.84 billion, compared with ¥10.77 billion in the year-earlier period, and total operating expenses rose year over year to ¥10.75 billion from ¥10.63 billion.

Reported net income came to a loss of ¥339.0 million, or a loss of ¥34.44 per share, compared to a loss of ¥62.0 million, or a loss of ¥6.30 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥54.54 per share, a fall from ¥56.32 per share in the prior year.

Normalized net income was ¥536.9 million, a decline from ¥554.4 million in the prior year.

Full-year total revenue increased year over year to ¥45.17 billion from ¥44.41 billion, and total operating expenses grew on an annual basis to ¥44.36 billion from ¥43.58 billion.

The company said reported net income fell 62.6% on an annual basis to ¥127.0 million, or ¥12.90 per share, in the full year, from ¥340.0 million, or ¥34.54 per share.

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