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Shuei Yobiko fiscal Q4 profit falls YOY

Shuei Yobiko Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥36.60 per share, a decline of 17.6% from ¥44.42 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥245.6 million, a decrease of 17.6% from ¥298.1 million in the year-earlier period.

The normalized profit margin fell to 7.6% from 8.7% in the year-earlier period.

Total revenue fell 5.9% year over year to ¥3.24 billion from ¥3.44 billion, and total operating expenses decreased from the prior-year period to ¥2.83 billion from ¥2.96 billion.

Reported net income came to ¥337.0 million, or ¥50.21 per share, compared to a loss of ¥226.0 million, or a loss of ¥33.67 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥2.52 per share, a decline of 75.5% from ¥10.25 per share in the prior year.

Normalized net income was ¥16.9 million, a fall of 75.5% from ¥68.8 million in the prior year.

Full-year total revenue declined year over year to ¥11.26 billion from ¥11.77 billion, and total operating expenses declined year over year to ¥11.18 billion from ¥11.61 billion.

The company said reported net income came to a loss of ¥3.26 billion, or a loss of ¥485.42 per share, in the full year, compared with a loss of ¥1.52 billion, or a loss of ¥226.24 per share, the prior year.

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