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Zetton fiscal Q4 loss widens 6.6% YOY

Zetton Inc. said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to a loss of ¥16.39 per share, compared with a loss of ¥15.42 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥70.6 million, compared with a loss of ¥66.3 million in the year-earlier period.

The normalized profit margin dropped to negative 4.1% from negative 4.0% in the year-earlier period.

Total revenue rose on an annual basis to ¥1.73 billion from ¥1.67 billion, and total operating expenses rose on an annual basis to ¥1.86 billion from ¥1.78 billion.

Reported net income came to a loss of ¥79.0 million, or a loss of ¥18.34 per share, compared to a loss of ¥96.3 million, or a loss of ¥22.42 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥44.54 per share, a fall of 10.6% from ¥49.82 per share in the prior year.

Normalized net income was ¥191.9 million, a fall of 10.0% from ¥213.1 million in the prior year.

Full-year total revenue increased 13.9% year over year to ¥9.61 billion from ¥8.44 billion, and total operating expenses rose 15.4% on an annual basis to ¥9.38 billion from ¥8.13 billion.

The company said reported net income grew year over year to ¥150.0 million, or ¥34.82 per share, in the full year, from ¥143.0 million, or ¥33.43 per share.

As of May 28, US$1 was equivalent to ¥124.24.