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Sanyodo Holdings fiscal Q4 profit falls YOY

Sanyodo Holdings Inc. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥15.13 per share, a decrease of 27.2% from ¥20.78 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥88.8 million, a decline of 26.4% from ¥120.6 million in the year-earlier period.

The normalized profit margin fell to 1.5% from 1.9% in the year-earlier period.

Total revenue decreased year over year to ¥6.10 billion from ¥6.40 billion, and total operating expenses fell from the prior-year period to ¥5.96 billion from ¥6.21 billion.

Reported net income totaled a loss of ¥193.8 million, or a loss of ¥33.07 per share, compared to a loss of ¥219.5 million, or a loss of ¥37.81 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥62.74 per share, an increase of 15.2% from ¥54.48 per share in the prior year.

Normalized net income was ¥366.9 million, a rise of 16.0% from ¥316.3 million in the prior year.

Full-year total revenue decreased from the prior-year period to ¥24.20 billion from ¥25.31 billion, and total operating expenses decreased on an annual basis to ¥23.61 billion from ¥24.80 billion.

The company said reported net income totaled ¥94.2 million, or ¥16.10 per share, in the full year, compared with a loss of ¥37.0 million, or a loss of ¥6.37 per share, the prior year.

As of June 23, US$1 was equivalent to ¥123.88.