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Atsugi fiscal Q4 loss narrows YOY

Atsugi Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of ¥2.98 per share, compared with a loss of ¥6.95 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 ¥50.3 million, compared with a loss of ¥117.3 million in the year-earlier period.

The normalized profit margin climbed to negative 1.0% from negative 2.3% in the year-earlier period.

Total revenue came to ¥5.13 billion, compared with ¥5.09 billion in the year-earlier period, and total operating expenses increased on an annual basis to ¥5.32 billion from ¥5.25 billion.

Reported net income came to a loss of ¥102.0 million, or a loss of ¥6.05 per share, compared to a loss of ¥123.0 million, or a loss of ¥7.29 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥35.68 per share, a gain of 7.3% from ¥33.25 per share in the prior year.

Normalized net income was ¥601.6 million, a rise of 7.2% from ¥561.4 million in the prior year.

Full-year total revenue rose on an annual basis to ¥23.45 billion from ¥23.08 billion, and total operating expenses grew year over year to ¥23.25 billion from ¥22.64 billion.

The company said reported net income grew 20.4% on an annual basis to ¥678.0 million, or ¥40.21 per share, in the full year, from ¥563.0 million, or ¥33.35 per share.

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