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SK Japan fiscal Q4 loss widens YOY

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SK Japan fiscal Q4 loss widens YOY

SK Japan Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was a loss of ¥1.06 per share, compared with a loss of 38 sen 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 ¥8.8 million, compared with a loss of ¥3.1 million in the prior-year period.

The normalized profit margin fell to negative 0.5% from negative 0.2% in the year-earlier period.

Total revenue decreased 20.3% on an annual basis to ¥1.61 billion from ¥2.01 billion, and total operating expenses fell 19.8% year over year to ¥1.62 billion from ¥2.02 billion.

Reported net income came to a loss of ¥3.0 million, or a loss of 36 sen per share, compared to a loss of ¥12.0 million, or a loss of ¥1.46 per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of ¥6.00 per share, compared with a loss of ¥12.84 per share in the prior year.

Normalized net income was a loss of ¥49.4 million, compared with a loss of ¥105.6 million in the prior year.

Full-year total revenue decreased on an annual basis to ¥6.92 billion from ¥7.02 billion, and total operating expenses declined on an annual basis to ¥7.00 billion from ¥7.18 billion.

The company said reported net income totaled a loss of ¥20.0 million, or a loss of ¥2.43 per share, in the full year, compared with a loss of ¥178.0 million, or a loss of ¥21.64 per share, the prior year.

As of May 25, US$1 was equivalent to ¥121.48.