trending Market Intelligence /marketintelligence/en/news-insights/trending/FIh5wQwaBXyhiTt-L3vO3w2 content esgSubNav
In This List

Globeride fiscal Q4 loss narrows YOY

Blog

Industries Most and Least Impacted by COVID-19: A Market-Implied Probability of Default Perspective

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Insight Weekly: Labor market recovery hurdles; power market integration; nonbank M&A hunt

Blog

Investment Banking Essentials Newsletter: October Edition


Globeride fiscal Q4 loss narrows YOY

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.