trending Market Intelligence /marketintelligence/en/news-insights/trending/NSdfuXX5FvZRVog4PRt9oQ2 content esgSubNav
In This List

Cox Co. Ltd. swings to profit in fiscal Q4

Blog

Insight Weekly: M&A players predict 2023 activity; SPAC IPOs dip; 2022 capacity retirements up

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share


Cox Co. Ltd. swings to profit in fiscal Q4

Cox Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was ¥2.76 per share, compared with a loss of ¥7.75 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥76.3 million, compared with a loss of ¥213.8 million in the year-earlier period.

The normalized profit margin rose to 1.3% from negative 3.7% in the year-earlier period.

Total revenue decreased on an annual basis to ¥5.71 billion from ¥5.83 billion, and total operating expenses fell 9.5% year over year to ¥5.63 billion from ¥6.22 billion.

Reported net income came to ¥222.7 million, or ¥8.05 per share, compared to a loss of ¥1.11 billion, or a loss of ¥40.44 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥4.76 per share, compared with a loss of ¥29.56 per share in the prior year.

Normalized net income was ¥131.3 million, compared with a loss of ¥815.0 million in the prior year.

Full-year total revenue totaled ¥21.69 billion, compared with ¥21.68 billion in the prior year, and total operating expenses declined 6.5% on an annual basis to ¥21.66 billion from ¥23.16 billion.

The company said reported net income totaled ¥36.7 million, or ¥1.31 per share, in the full year, compared with a loss of ¥2.31 billion, or a loss of ¥83.60 per share, the prior year.

As of May 25, US$1 was equivalent to ¥121.48.