trending Market Intelligence /marketintelligence/en/news-insights/trending/E_W9DP9niV6SOy95RrFf1A2 content esgSubNav
In This List

LEC Inc. fiscal Q4 loss narrows YOY

The Cobalt Expansion Drive Is A Copper Story

Podcast

Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk

Podcast

Maritime and Trade Talk | Episode 11: Trade Outlook - Response To Geopolitical Events

Podcast

Maritime and Trade Talk | E10: Navigating Maritime Risks from an Insurers’ Perspective?


LEC Inc. fiscal Q4 loss narrows YOY

LEC Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of ¥6.23 per share, compared with a loss of ¥7.41 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 ¥109.6 million, compared with a loss of ¥130.4 million in the year-earlier period.

The normalized profit margin increased to negative 1.7% from negative 1.9% in the year-earlier period.

Total revenue declined year over year to ¥6.64 billion from ¥6.81 billion, and total operating expenses fell from the prior-year period to ¥7.00 billion from ¥7.21 billion.

Reported net income came to a loss of ¥285.0 million, or a loss of ¥16.20 per share, compared to a loss of ¥390.0 million, or a loss of ¥22.16 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥27.94 per share, a gain from ¥8.86 per share in the prior year.

Normalized net income was ¥491.8 million, a rise from ¥156.0 million in the prior year.

Full-year total revenue grew 5.7% on an annual basis to ¥29.32 billion from ¥27.72 billion, and total operating expenses increased on an annual basis to ¥29.09 billion from ¥27.89 billion.

The company said reported net income came to ¥254.0 million, or ¥14.43 per share, in the full year, compared with a loss of ¥74.0 million, or a loss of ¥4.21 per share, the prior year.

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