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Fujikura Rubber fiscal Q4 profit falls YOY

Fujikura Rubber Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥6.92 per share, a decrease of 29.2% from ¥9.77 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥161.9 million, a decline of 29.0% from ¥228.1 million in the year-earlier period.

The normalized profit margin fell to 1.9% from 2.8% in the year-earlier period.

Total revenue rose on an annual basis to ¥8.52 billion from ¥8.26 billion, and total operating expenses climbed from the prior-year period to ¥8.34 billion from ¥7.96 billion.

Reported net income declined on an annual basis to ¥173.0 million, or ¥7.39 per share, from ¥175.0 million, or ¥7.49 per share.

For the year, the company's normalized net income totaled ¥41.43 per share, a decrease of 24.7% from ¥54.99 per share in the prior year.

Normalized net income was ¥969.4 million, a decline of 15.1% from ¥1.14 billion in the prior year.

Full-year total revenue rose on an annual basis to ¥30.46 billion from ¥29.21 billion, and total operating expenses increased year over year to ¥29.31 billion from ¥27.92 billion.

The company said reported net income fell 58.7% year over year to ¥1.33 billion, or ¥56.67 per share, in the full year, from ¥3.21 billion, or ¥154.77 per share.

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