Nagatanien Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of ¥5.72 per share, compared with a loss of 12 sen 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 ¥205.8 million, compared with a loss of ¥4.4 million in the prior-year period.
The normalized profit margin dropped to negative 1.1% from negative 0.0% in the year-earlier period.
Total revenue increased on an annual basis to ¥18.55 billion from ¥18.22 billion, and total operating expenses grew year over year to ¥18.89 billion from ¥18.27 billion.
Reported net income totaled a loss of ¥436.0 million, or a loss of ¥12.12 per share, compared to a loss of ¥64.0 million, or a loss of ¥1.77 per share, in the year-earlier period.
For the year, the company's normalized net income totaled ¥54.26 per share, a decrease of 20.6% from ¥68.35 per share in the prior year.
Normalized net income was ¥1.95 billion, a decrease of 21.4% from ¥2.48 billion in the prior year.
Full-year total revenue increased 10.2% on an annual basis to ¥78.36 billion from ¥71.13 billion, and total operating expenses grew 12.4% on an annual basis to ¥75.49 billion from ¥67.19 billion.
The company said reported net income decreased 30.8% year over year to ¥1.67 billion, or ¥46.46 per share, in the full year, from ¥2.42 billion, or ¥66.47 per share.
As of June 29, US$1 was equivalent to ¥122.67.