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Ishii Food fiscal Q4 loss narrows YOY

Ishii Food Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of ¥3.10 per share, compared with a loss of ¥4.33 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 ¥55.0 million, compared with a loss of ¥76.9 million in the prior-year period.

The normalized profit margin climbed to negative 2.5% from negative 3.4% in the year-earlier period.

Total revenue came to ¥2.24 billion, compared with ¥2.23 billion in the year-earlier period, and total operating expenses fell year over year to ¥2.33 billion from ¥2.36 billion.

Reported net income came to a loss of ¥100.0 million, or a loss of ¥5.64 per share, compared to a loss of ¥196.0 million, or a loss of ¥11.03 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥1.51 per share, compared with a loss of ¥7.89 per share in the prior year.

Normalized net income was ¥26.9 million, compared with a loss of ¥141.9 million in the prior year.

Full-year total revenue increased year over year to ¥10.52 billion from ¥10.35 billion, and total operating expenses came to ¥10.48 billion, compared with ¥10.58 billion in the year-earlier period.

The company said reported net income totaled a loss of ¥20.0 million, or a loss of ¥1.13 per share, in the full year, compared with a loss of ¥331.0 million, or a loss of ¥18.41 per share, the prior year.

As of June 25, US$1 was equivalent to ¥123.71.