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Joban Kosan fiscal Q4 loss narrows YOY

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Joban Kosan fiscal Q4 loss narrows YOY

Joban Kosan Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of 92 Japanese sen per share, compared with a loss of ¥15.18 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥8.1 million, compared with a loss of ¥130.0 million in the prior-year period.

The normalized profit margin climbed to negative 0.1% from negative 1.0% in the year-earlier period.

Total revenue rose 14.6% on an annual basis to ¥14.78 billion from ¥12.89 billion, and total operating expenses rose 13.7% from the prior-year period to ¥14.71 billion from ¥12.94 billion.

Reported net income totaled ¥172.0 million, or ¥19.58 per share, compared to a loss of ¥209.0 million, or a loss of ¥24.87 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥101.02 per share, a fall of 5.9% from ¥107.38 per share in the prior year.

Normalized net income was ¥887.6 million, a decline of 16.1% from ¥1.06 billion in the prior year.

Full-year total revenue fell 9.1% on an annual basis to ¥49.46 billion from ¥54.43 billion, and total operating expenses decreased 9.0% year over year to ¥47.61 billion from ¥52.29 billion.

The company said reported net income came to ¥1.51 billion, or ¥171.73 per share, in the full year, compared with ¥1.50 billion, or ¥152.64 per share, the prior year.

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