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JSS Corp. fiscal Q4 profit falls YOY

JSS Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥12.58 per share, a decline of 10.0% from ¥13.99 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥50.6 million, a decline of 10.0% from ¥56.3 million in the prior-year period.

The normalized profit margin fell to 2.7% from 3.1% in the year-earlier period.

Total revenue climbed year over year to ¥1.88 billion from ¥1.81 billion, and total operating expenses increased on an annual basis to ¥1.79 billion from ¥1.71 billion.

Reported net income decreased 28.6% year over year to ¥35.0 million, or ¥8.70 per share, from ¥49.0 million, or ¥12.18 per share.

For the year, the company's normalized net income totaled ¥52.81 per share, an increase from ¥51.65 per share in the prior year.

Normalized net income was ¥212.5 million, an increase of 5.9% from ¥200.6 million in the prior year.

Full-year total revenue increased from the prior-year period to ¥7.70 billion from ¥7.35 billion, and total operating expenses increased 5.1% on an annual basis to ¥7.33 billion from ¥6.98 billion.

The company said reported net income grew 5.2% on an annual basis to ¥162.0 million, or ¥40.26 per share, in the full year, from ¥154.0 million, or ¥39.65 per share.

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