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Shokubun swings to profit in fiscal Q4

Shokubun Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥1.55 per share, compared with a loss of 16 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.9 million, compared with a loss of ¥1.9 million in the year-earlier period.

The normalized profit margin increased to 0.8% from negative 0.1% in the year-earlier period.

Total revenue declined year over year to ¥2.17 billion from ¥2.25 billion, and total operating expenses decreased 4.9% on an annual basis to ¥2.12 billion from ¥2.23 billion.

Reported net income came to a loss of ¥174.0 million, or a loss of ¥15.95 per share, compared to a loss of ¥11.0 million, or a loss of 93 sen per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥3.52 per share, an increase from ¥1.53 per share in the prior year.

Normalized net income was ¥40.6 million, a gain from ¥18.1 million in the prior year.

Full-year total revenue fell year over year to ¥9.13 billion from ¥9.32 billion, and total operating expenses decreased year over year to ¥8.99 billion from ¥9.19 billion.

The company said reported net income came to a loss of ¥313.0 million, or a loss of ¥27.09 per share, in the full year, compared with income of ¥112.0 million, or ¥9.45 per share, the prior year.

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