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Komeri fiscal Q4 profit falls YOY

Komeri Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥9.92 per share, a decrease of 70.9% from ¥34.12 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥501.9 million, a decline of 71.1% from ¥1.74 billion in the prior-year period.

The normalized profit margin declined to 0.7% from 2.1% in the year-earlier period.

Total revenue declined 17.1% year over year to ¥67.37 billion from ¥81.25 billion, and total operating expenses declined 15.2% on an annual basis to ¥66.52 billion from ¥78.44 billion.

Reported net income totaled a loss of ¥1.95 billion, or a loss of ¥38.53 per share, compared to income of ¥610.5 million, or ¥12.00 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥190.89 per share, a decrease of 20.9% from ¥241.19 per share in the prior year.

Normalized net income was ¥9.70 billion, a fall of 20.9% from ¥12.27 billion in the prior year.

Full-year total revenue decreased 5.5% year over year to ¥316.97 billion from ¥335.57 billion, and total operating expenses declined year over year to ¥300.86 billion from ¥315.32 billion.

The company said reported net income declined 32.2% year over year to ¥7.17 billion, or ¥141.18 per share, in the full year, from ¥10.57 billion, or ¥207.92 per share.

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