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Takizawa Ham fiscal Q4 loss narrows YOY

Takizawa Ham Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of ¥18.56 per share, compared with a loss of ¥32.26 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥38.1 million, compared with a loss of ¥66.3 million in the prior-year period.

The normalized profit margin rose to negative 0.6% from negative 1.0% in the year-earlier period.

Total revenue totaled ¥6.61 billion, compared with ¥6.63 billion in the year-earlier period, and total operating expenses came to ¥6.71 billion, compared with ¥6.74 billion in the prior-year period.

Reported net income totaled a loss of ¥64.0 million, or a loss of ¥31.16 per share, compared to a loss of ¥91.0 million, or a loss of ¥44.31 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥127.20 per share, compared with a loss of ¥4.26 per share in the prior year.

Normalized net income was ¥261.3 million, compared with a loss of ¥8.8 million in the prior year.

Full-year total revenue grew from the prior-year period to ¥29.77 billion from ¥29.44 billion, and total operating expenses came to ¥29.41 billion, compared with ¥29.50 billion in the year-earlier period.

The company said reported net income totaled ¥364.0 million, or ¥177.23 per share, in the full year, compared with a loss of ¥43.0 million, or a loss of ¥20.94 per share, the prior year.

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