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Gakkyusha fiscal Q4 loss widens 53.4% YOY

Gakkyusha Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of ¥23.89 per share, compared with a loss of ¥15.55 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 ¥255.6 million, compared with a loss of ¥166.6 million in the year-earlier period.

The normalized profit margin declined to negative 14.4% from negative 9.8% in the year-earlier period.

Total revenue climbed 5.1% on an annual basis to ¥1.78 billion from ¥1.69 billion, and total operating expenses climbed 12.1% from the prior-year period to ¥2.19 billion from ¥1.95 billion.

Reported net income came to a loss of ¥253.0 million, or a loss of ¥23.64 per share, compared to a loss of ¥186.0 million, or a loss of ¥17.36 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥77.77 per share, an increase of 24.3% from ¥62.54 per share in the prior year.

Normalized net income was ¥832.3 million, a gain of 22.9% from ¥677.4 million in the prior year.

Full-year total revenue rose 8.9% year over year to ¥9.32 billion from ¥8.56 billion, and total operating expenses rose 6.9% on an annual basis to ¥7.99 billion from ¥7.47 billion.

The company said reported net income increased 37.1% year over year to ¥816.0 million, or ¥76.25 per share, in the full year, from ¥595.0 million, or ¥54.94 per share.

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