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Shaklee Global swings to loss in fiscal Q4

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Shaklee Global swings to loss in fiscal Q4

Shaklee Global Group Inc. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of ¥41.74 per share, compared with ¥1,101.23 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 ¥56.9 million, compared with income of ¥1.68 billion in the prior-year period.

The normalized profit margin fell to negative 0.4% from 11.9% in the year-earlier period.

Total revenue fell 8.9% on an annual basis to ¥12.84 billion from ¥14.09 billion, and total operating expenses rose 7.8% from the prior-year period to ¥12.14 billion from ¥11.27 billion.

Reported net income totaled a loss of ¥136.4 million, or a loss of ¥128.42 per share, compared to income of ¥2.40 billion, or ¥1,573.67 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥2,953.34 per share, a decline of 26.2% from ¥4,000.98 per share in the prior year.

Normalized net income was ¥4.25 billion, a fall of 38.8% from ¥6.94 billion in the prior year.

Full-year total revenue grew from the prior-year period to ¥51.45 billion from ¥50.87 billion, and total operating expenses rose 10.7% year over year to ¥43.95 billion from ¥39.71 billion.

The company said reported net income decreased 45.0% on an annual basis to ¥4.03 billion, or ¥2,803.30 per share, in the full year, from ¥7.32 billion, or ¥4,220.80 per share.

As of June 29, US$1 was equivalent to ¥122.67.