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Johnan Academic Preparatory Institute fiscal Q4 loss widens 66.0% YOY

Johnan Academic Preparatory Institute, Inc. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of ¥12.37 per share, compared with a loss of ¥7.45 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 ¥99.6 million, compared with a loss of ¥60.0 million in the prior-year period.

The normalized profit margin fell to negative 7.3% from negative 4.8% in the year-earlier period.

Total revenue rose 9.2% on an annual basis to ¥1.37 billion from ¥1.25 billion, and total operating expenses grew 13.4% from the prior-year period to ¥1.55 billion from ¥1.36 billion.

Reported net income stayed flat year over year at a loss of ¥112.0 million, or a loss of ¥13.91 per share.

For the year, the company's normalized net income totaled ¥29.15 per share, an increase of 51.0% from ¥19.31 per share in the prior year.

Normalized net income was ¥234.8 million, an increase of 51.0% from ¥155.5 million in the prior year.

Full-year total revenue grew 9.8% on an annual basis to ¥6.18 billion from ¥5.63 billion, and total operating expenses grew 7.9% year over year to ¥5.86 billion from ¥5.43 billion.

The company said reported net income increased year over year to ¥293.0 million, or ¥36.38 per share, in the full year, from ¥141.0 million, or ¥17.51 per share.

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