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Shingakukai fiscal Q4 profit falls YOY

Shingakukai Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥7.07 per share, a decrease of 30.7% from ¥10.20 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥141.3 million, a decrease of 30.7% from ¥203.8 million in the year-earlier period.

The normalized profit margin fell to 8.5% from 11.1% in the year-earlier period.

Total revenue fell 9.4% on an annual basis to ¥1.66 billion from ¥1.83 billion, and total operating expenses decreased from the prior-year period to ¥1.56 billion from ¥1.60 billion.

Reported net income totaled a loss of ¥2.0 million, or a loss of 10 sen per share, compared to income of ¥63.0 million, or ¥3.15 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥23.90 per share, a decrease of 18.6% from ¥29.37 per share in the prior year.

Normalized net income was ¥477.5 million, a decrease of 18.6% from ¥586.9 million in the prior year.

Full-year total revenue declined 7.9% from the prior-year period to ¥5.67 billion from ¥6.16 billion, and total operating expenses declined 6.7% year over year to ¥5.50 billion from ¥5.90 billion.

The company said reported net income increased 19.3% year over year to ¥705.0 million, or ¥35.28 per share, in the full year, from ¥591.0 million, or ¥29.58 per share.

As of June 29, US$1 was equivalent to ¥122.67.