Globeride Inc. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of ¥5.61 per share, compared with a loss of ¥16.58 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 ¥64.5 million, compared with a loss of ¥190.6 million in the year-earlier period.
The normalized profit margin climbed to negative 0.4% from negative 1.1% in the year-earlier period.
Total revenue rose 9.7% year over year to ¥18.36 billion from ¥16.74 billion, and total operating expenses climbed 9.4% from the prior-year period to ¥18.42 billion from ¥16.84 billion.
Reported net income came to a loss of ¥354.0 million, or a loss of ¥30.79 per share, compared to income of ¥1.76 billion, or ¥153.24 per share, in the prior-year period.
For the year, the company's normalized net income totaled ¥158.74 per share, a gain of 66.9% from ¥95.12 per share in the prior year.
Normalized net income was ¥1.83 billion, a gain of 66.9% from ¥1.09 billion in the prior year.
Full-year total revenue rose 10.0% year over year to ¥74.15 billion from ¥67.38 billion, and total operating expenses rose 9.6% year over year to ¥71.31 billion from ¥65.05 billion.
The company said reported net income declined 44.3% on an annual basis to ¥1.60 billion, or ¥139.42 per share, in the full year, from ¥2.88 billion, or ¥250.47 per share.
As of June 26, US$1 was equivalent to ¥123.96.