trending Market Intelligence /marketintelligence/en/news-insights/trending/Fc6ExU06wGlTC1T_XqceJA2 content esgSubNav
In This List

Tobu Store fiscal Q4 profit falls YOY

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Tobu Store fiscal Q4 profit falls YOY

Tobu Store Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to ¥32.29 per share, a decrease of 28.7% from ¥45.26 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥219.4 million, a decrease of 28.7% from ¥307.5 million in the prior-year period.

The normalized profit margin declined to 1.0% from 1.4% in the year-earlier period.

Total revenue totaled ¥21.43 billion, compared with ¥21.49 billion in the prior-year period, and total operating expenses came to ¥21.16 billion, compared with ¥21.07 billion in the year-earlier period.

Reported net income declined 90.3% from the prior-year period to ¥14.0 million, or ¥2.06 per share, from ¥144.0 million, or ¥21.20 per share.

For the year, the company's normalized net income totaled ¥120.06 per share, an increase of 9.3% from ¥109.84 per share in the prior year.

Normalized net income was ¥815.6 million, an increase of 9.3% from ¥746.3 million in the prior year.

Full-year total revenue rose year over year to ¥85.11 billion from ¥83.32 billion, and total operating expenses grew on an annual basis to ¥84.13 billion from ¥82.43 billion.

The company said reported net income fell 17.1% year over year to ¥179.0 million, or ¥26.35 per share, in the full year, from ¥216.0 million, or ¥31.79 per share.

As of May 27, US$1 was equivalent to ¥123.75.