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Takasho fiscal Q4 loss widens YOY

Takasho Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Jan. 20 amounted to a loss of ¥8.02 per share, compared with a loss of ¥3.30 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 ¥98.5 million, compared with a loss of ¥40.5 million in the prior-year period.

The normalized profit margin dropped to negative 2.7% from negative 1.0% in the year-earlier period.

Total revenue decreased 9.3% year over year to ¥3.70 billion from ¥4.08 billion, and total operating expenses declined 9.4% year over year to ¥3.77 billion from ¥4.16 billion.

Reported net income came to a loss of ¥190.0 million, or a loss of ¥15.47 per share, compared to a loss of ¥94.0 million, or a loss of ¥7.66 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥29.64 per share, a decline of 12.5% from ¥33.88 per share in the prior year.

Normalized net income was ¥363.9 million, a fall of 12.5% from ¥416.0 million in the prior year.

Full-year total revenue decreased from the prior-year period to ¥17.85 billion from ¥18.48 billion, and total operating expenses fell on an annual basis to ¥17.13 billion from ¥17.88 billion.

The company said reported net income decreased 25.7% on an annual basis to ¥240.0 million, or ¥19.55 per share, in the full year, from ¥323.0 million, or ¥26.31 per share.

As of April 11, US$1 was equivalent to ¥107.81.