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Fancl fiscal Q4 profit falls YOY

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Fancl fiscal Q4 profit falls YOY

Fancl Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥20.11 per share, a decrease of 8.2% from ¥21.91 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.31 billion, a decline of 6.9% from ¥1.40 billion in the year-earlier period.

The normalized profit margin rose to 6.8% from 6.6% in the year-earlier period.

Total revenue decreased 9.2% year over year to ¥19.35 billion from ¥21.31 billion, and total operating expenses declined 9.0% year over year to ¥17.35 billion from ¥19.08 billion.

Reported net income fell 47.8% year over year to ¥617.9 million, or ¥9.51 per share, from ¥1.18 billion, or ¥18.47 per share.

For the year, the company's normalized net income totaled ¥41.58 per share, compared with ¥41.45 per share in the prior year.

Normalized net income was ¥2.68 billion, compared with ¥2.66 billion in the prior year.

Full-year total revenue decreased on an annual basis to ¥77.63 billion from ¥81.12 billion, and total operating expenses declined on an annual basis to ¥73.63 billion from ¥77.17 billion.

The company said reported net income rose 71.3% year over year to ¥2.30 billion, or ¥35.76 per share, in the full year, from ¥1.34 billion, or ¥20.91 per share.

As of June 22, US$1 was equivalent to ¥123.23.