trending Market Intelligence /marketintelligence/en/news-insights/trending/mX92PYb5rM8-WaVWkJ2IqQ2 content esgSubNav
In This List

Kewpie fiscal Q4 profit falls YOY

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Kewpie fiscal Q4 profit falls YOY

Kewpie Corp. said its normalized net income for the fiscal fourth quarter ended Nov. 30, 2015, came to ¥16.62 per share, a decline of 23.3% from ¥21.67 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.52 billion, a decline of 23.3% from ¥3.29 billion in the year-earlier period.

The normalized profit margin declined to 1.7% from 2.3% in the year-earlier period.

Total revenue climbed year over year to ¥146.63 billion from ¥140.59 billion, and total operating expenses grew 5.0% from the prior-year period to ¥141.38 billion from ¥134.67 billion.

Reported net income increased 12.7% year over year to ¥3.00 billion, or ¥19.77 per share, from ¥2.66 billion, or ¥17.54 per share.

For the year, the company's normalized net income totaled ¥94.75 per share, a gain from ¥91.41 per share in the prior year.

Normalized net income was ¥14.38 billion, an increase from ¥13.78 billion in the prior year.

Full-year total revenue increased from the prior-year period to ¥578.19 billion from ¥553.40 billion, and total operating expenses increased year over year to ¥551.75 billion from ¥529.06 billion.

The company said reported net income rose 27.4% year over year to ¥17.03 billion, or ¥112.21 per share, in the full year, from ¥13.37 billion, or ¥88.69 per share.

As of Feb. 29, US$1 was equivalent to ¥112.83.