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Sakurai fiscal Q4 loss narrows YOY

Sakurai Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of ¥9.69 per share, compared with a loss of ¥14.85 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 ¥38.8 million, compared with a loss of ¥59.4 million in the prior-year period.

The normalized profit margin rose to negative 2.0% from negative 5.0% in the year-earlier period.

Total revenue increased 64.8% on an annual basis to ¥1.94 billion from ¥1.18 billion, and total operating expenses rose 54.9% on an annual basis to ¥1.99 billion from ¥1.28 billion.

Reported net income totaled a loss of ¥321.0 million, or a loss of ¥80.27 per share, compared to a loss of ¥73.0 million, or a loss of ¥18.26 per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of ¥79.71 per share, compared with a loss of ¥29.23 per share in the prior year.

Normalized net income was a loss of ¥318.8 million, compared with a loss of ¥116.9 million in the prior year.

Full-year total revenue increased 50.6% on an annual basis to ¥5.37 billion from ¥3.57 billion, and total operating expenses increased 52.1% year over year to ¥5.90 billion from ¥3.88 billion.

The company said reported net income totaled a loss of ¥548.0 million, or a loss of ¥137.03 per share, in the full year, compared with a loss of ¥160.0 million, or a loss of ¥40.01 per share, the prior year.

As of June 23, US$1 was equivalent to ¥105.69.