trending Market Intelligence /marketintelligence/en/news-insights/trending/O660Au86ORmHlPmv_QNOIw2 content esgSubNav
In This List

Ride On Express posts fiscal Q4 profit

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

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Ride On Express posts fiscal Q4 profit

Ride On Express Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥115.6 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 2.6%.

Total revenue totaled ¥4.37 billion, and total operating expenses came to ¥4.07 billion.

Reported net income totaled ¥90.7 million, or ¥8.43 per share.

For the year, the company's normalized net income totaled ¥62.82 per share, a gain of 6.6% from ¥58.95 per share in the prior year.

Normalized net income was ¥673.1 million, a rise of 7.7% from ¥625.0 million in the prior year.

Full-year total revenue totaled ¥17.35 billion, compared with ¥17.25 billion in the prior year, and total operating expenses totaled ¥16.13 billion, compared with ¥16.18 billion in the prior-year period.

The company said reported net income increased 20.5% year over year to ¥673.0 million, or ¥62.81 per share, in the full year, from ¥558.4 million, or ¥52.67 per share.

As of June 28, US$1 was equivalent to ¥102.79.