trending Market Intelligence /marketintelligence/en/news-insights/trending/MycTqMctoal6rbYzdq2CqQ2 content esgSubNav
In This List

Heiwa swings to loss in fiscal Q4

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


Heiwa swings to loss in fiscal Q4

4916577 said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of ¥2.59 per share, compared with ¥47.30 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥255.0 million, compared with income of ¥4.07 billion in the year-earlier period.

The normalized profit margin dropped to negative 0.6% from 8.5% in the year-earlier period.

Total revenue decreased 12.9% on an annual basis to ¥41.56 billion from ¥47.73 billion, and total operating expenses rose year over year to ¥41.69 billion from ¥40.96 billion.

Reported net income totaled a loss of ¥176.8 million, or a loss of ¥1.81 per share, compared to income of ¥4.98 billion, or ¥57.90 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥242.31 per share, a fall of 15.6% from ¥287.24 per share in the prior year.

Normalized net income was ¥22.87 billion, a decline of 7.4% from ¥24.69 billion in the prior year.

Full-year total revenue rose 8.2% on an annual basis to ¥214.95 billion from ¥198.60 billion, and total operating expenses rose 13.0% on an annual basis to ¥176.05 billion from ¥155.80 billion.

he company said reported net income increas Heiwa Corp..