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Resol Holdings fiscal Q4 profit falls YOY

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Resol Holdings fiscal Q4 profit falls YOY

Resol Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥14.18 per share, a decrease of 65.2% from ¥40.68 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥78.8 million, a decrease of 65.2% from ¥226.0 million in the prior-year period.

The normalized profit margin declined to 1.7% from 4.2% in the year-earlier period.

Total revenue decreased 15.3% on an annual basis to ¥4.61 billion from ¥5.44 billion, and total operating expenses fell 11.5% year over year to ¥4.47 billion from ¥5.05 billion.

Reported net income fell 29.7% year over year to ¥154.0 million, or ¥27.72 per share, from ¥219.0 million, or ¥39.42 per share.

For the year, the company's normalized net income totaled ¥134.28 per share, a gain of 70.5% from ¥78.75 per share in the prior year.

Normalized net income was ¥746.0 million, a rise of 70.5% from ¥437.5 million in the prior year.

Full-year total revenue grew 6.7% on an annual basis to ¥21.03 billion from ¥19.72 billion, and total operating expenses grew year over year to ¥19.70 billion from ¥18.91 billion.

The company said reported net income grew 26.4% year over year to ¥1.01 billion, or ¥182.71 per share, in the full year, from ¥803.0 million, or ¥144.54 per share.

As of June 29, US$1 was equivalent to ¥102.64.