trending Market Intelligence /marketintelligence/en/news-insights/trending/iZyBo6tFWT6iafyPyIev0w2 content esgSubNav
In This List

NAFCO swings to loss in fiscal Q4

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


NAFCO swings to loss in fiscal Q4

NAFCO Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of ¥3.34 per share, compared with ¥50.38 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 ¥99.4 million, compared with income of ¥1.50 billion in the year-earlier period.

The normalized profit margin dropped to negative 0.2% from 2.7% in the year-earlier period.

Total revenue declined 15.2% year over year to ¥47.76 billion from ¥56.32 billion, and total operating expenses fell 11.1% on an annual basis to ¥48.03 billion from ¥54.04 billion.

Reported net income came to a loss of ¥350.0 million, or a loss of ¥11.75 per share, compared to income of ¥598.0 million, or ¥20.08 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥160.99 per share, a decline of 37.4% from ¥257.25 per share in the prior year.

Normalized net income was ¥4.79 billion, a fall of 37.4% from ¥7.66 billion in the prior year.

Full-year total revenue fell from the prior-year period to ¥222.25 billion from ¥232.66 billion, and total operating expenses declined year over year to ¥214.95 billion from ¥220.76 billion.

The company said reported net income declined 32.8% year over year to ¥4.02 billion, or ¥134.94 per share, in the full year, from ¥5.98 billion, or ¥200.85 per share.

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