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Felissimo fiscal Q4 profit falls YOY

4916937 said its normalized net income for the fiscal fourth quarter ended Feb. 28 came to ¥21.23 per share, a decline of 31.1% from ¥30.80 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥209.4 million, a decrease of 31.1% from ¥303.8 million in the prior-year period.

The normalized profit margin dropped to 2.1% from 2.8% in the year-earlier period.

Total revenue fell 5.1% on an annual basis to ¥10.19 billion from ¥10.74 billion, and total operating expenses decreased from the prior-year period to ¥9.94 billion from ¥10.35 billion.

Reported net income came to a loss of ¥1.17 billion, or a loss of ¥118.32 per share, compared to income of ¥299.0 million, or ¥30.32 per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of ¥24.33 per share, compared with ¥6.53 per share in the prior year.

Normalized net income was a loss of ¥240.0 million, compared with income of ¥64.4 million in the prior year.

Full-year total revenue declined 7.4% on an annual basis to ¥37.70 billion from ¥40.73 billion, and total operating expenses fell 6.5% on an annual basis to ¥38.33 billion from ¥41.02 billion.

The company said reported net income came to a loss of ¥1.92 billion, or a loss of ¥194.77 per share, in the full year, compared with a loss of ¥35.0 million, or a loss of ¥3.55 per share, the prior year.

s of May 28, US$1 was equivalent to ¥124.24.Felissimo Corp.

4916937 said its normalized net income for the fiscal fourth quarter ended Feb. 28 came to ¥21.23 per share, a decline of 31.1% from ¥30.80 per share in the prior-year period.