trending Market Intelligence /marketintelligence/en/news-insights/trending/mBVwCykZNHcbImHMM1Hu_Q2 content esgSubNav
In This List

Heiwa fiscal Q4 profit falls YOY

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Podcast

Next in Tech | Episode 48: The everything that is Industrial IoT

Blog

TCFD Reporting in Singapore

Blog

Plant upgrades and extensions drive 2025 cable capex forecast


Heiwa fiscal Q4 profit falls YOY

Heiwa Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥47.30 per share, a decrease of 8.0% from ¥51.39 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥4.07 billion, a decrease of 7.8% from ¥4.41 billion in the prior-year period.

The normalized profit margin declined to 8.5% from 8.6% in the year-earlier period.

Total revenue fell 6.7% year over year to ¥47.73 billion from ¥51.16 billion, and total operating expenses decreased 5.4% year over year to ¥40.96 billion from ¥43.30 billion.

Reported net income rose 8.7% from the prior-year period to ¥4.98 billion, or ¥57.90 per share, from ¥4.58 billion, or ¥53.35 per share.

For the year, the company's normalized net income totaled ¥287.24 per share, an increase of 19.2% from ¥240.87 per share in the prior year.

Normalized net income was ¥24.69 billion, a rise of 19.4% from ¥20.67 billion in the prior year.

Full-year total revenue grew 9.4% on an annual basis to ¥198.60 billion from ¥181.57 billion, and total operating expenses grew 7.6% year over year to ¥155.80 billion from ¥144.73 billion.

The company said reported net income rose 28.9% on an annual basis to ¥26.23 billion, or ¥305.26 per share, in the full year, from ¥20.36 billion, or ¥237.24 per share.

As of June 26, US$1 was equivalent to ¥123.96.