trending Market Intelligence /marketintelligence/en/news-insights/trending/cOLBTwSo0k4wGClqZId85A2 content esgSubNav
In This List

Keihin fiscal Q4 profit falls YOY

Podcast

Street Talk | Episode 105: Banks could see opportunity in fintech's cleansing fire

Blog

The Climate Vulnerability Assessment by APRA: Helping Financial Institutions Address Challenges

Video

Lithium Import

Blog

Activity Volumes Across the Equity Capital Markets Dropped Significantly in 2022


Keihin fiscal Q4 profit falls YOY

Keihin Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥15.61 per share, a decline of 63.2% from ¥42.39 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.15 billion, a decrease of 63.2% from ¥3.14 billion in the year-earlier period.

The normalized profit margin fell to 1.4% from 3.3% in the year-earlier period.

Total revenue decreased 10.6% year over year to ¥83.75 billion from ¥93.66 billion, and total operating expenses decreased 9.7% on an annual basis to ¥79.95 billion from ¥88.58 billion.

Reported net income declined 85.8% from the prior-year period to ¥821.0 million, or ¥11.10 per share, from ¥5.76 billion, or ¥77.91 per share.

For the year, the company's normalized net income totaled ¥142.96 per share, an increase of 10.2% from ¥129.71 per share in the prior year.

Normalized net income was ¥10.57 billion, an increase of 10.2% from ¥9.59 billion in the prior year.

Full-year total revenue fell 6.4% on an annual basis to ¥327.07 billion from ¥349.37 billion, and total operating expenses fell 7.6% year over year to ¥304.57 billion from ¥329.71 billion.

The company said reported net income decreased 9.8% on an annual basis to ¥11.05 billion, or ¥149.42 per share, in the full year, from ¥12.26 billion, or ¥165.74 per share.

As of June 19, US$1 was equivalent to ¥122.78.