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Digital Adventure Q4 profit falls YOY

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Digital Adventure Q4 profit falls YOY

Digital Adventure Inc. said its normalized net income for the fourth quarter was 92 Japanese sen per share, a decrease of 91.0% from ¥10.24 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.0 million, a decline of 91.0% from ¥55.6 million in the prior-year period.

The normalized profit margin dropped to 0.4% from 7.3% in the year-earlier period.

Total revenue climbed 66.6% on an annual basis to ¥1.27 billion from ¥761.0 million, and total operating expenses climbed 74.0% year over year to ¥1.17 billion from ¥670.0 million.

Reported net income came to a loss of ¥1.0 million, or a loss of 18 sen per share, compared to income of ¥88.0 million, or ¥16.20 per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of ¥2.53 per share, compared with ¥4.14 per share in the prior year.

Normalized net income was a loss of ¥13.8 million, compared with income of ¥22.5 million in the prior year.

Full-year total revenue rose 33.4% year over year to ¥3.33 billion from ¥2.50 billion, and total operating expenses grew 31.8% year over year to ¥3.25 billion from ¥2.47 billion.

The company said reported net income totaled a loss of ¥63.0 million, or a loss of ¥11.60 per share, in the full year, compared with income of ¥67.0 million, or ¥12.34 per share, the prior year.

As of March 23, US$1 was equivalent to ¥112.67.