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Sunautas swings to loss in fiscal Q4

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Sunautas swings to loss in fiscal Q4

Sunautas Co. Ltd. said its normalized net income for the fiscal fourth quarter ended April 30 came to a loss of ¥3.99 per share, compared with ¥16.00 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 ¥12.5 million, compared with income of ¥51.3 million in the year-earlier period.

The normalized profit margin dropped to negative 0.1% from 0.5% in the year-earlier period.

Total revenue decreased 17.1% year over year to ¥8.90 billion from ¥10.74 billion, and total operating expenses decreased 16.3% year over year to ¥8.92 billion from ¥10.65 billion.

Reported net income totaled a loss of ¥66.0 million, or a loss of ¥21.07 per share, compared to income of ¥24.0 million, or ¥7.49 per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of ¥78.20 per share, compared with ¥54.28 per share in the prior year.

Normalized net income was a loss of ¥245.0 million, compared with income of ¥173.8 million in the prior year.

Full-year total revenue decreased 8.3% year over year to ¥37.73 billion from ¥41.13 billion, and total operating expenses decreased 6.7% year over year to ¥38.13 billion from ¥40.86 billion.

The company said reported net income came to a loss of ¥394.0 million, or a loss of ¥125.75 per share, in the full year, compared with income of ¥61.1 million, or ¥19.10 per share, the prior year.

As of July 22, US$1 was equivalent to ¥124.06.