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Car Mate fiscal Q4 loss narrows YOY

Car Mate Mfg. Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of ¥17.52 per share, compared with a loss of ¥39.23 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥133.1 million, compared with a loss of ¥298.1 million in the prior-year period.

The normalized profit margin increased to negative 3.6% from negative 7.9% in the year-earlier period.

Total revenue fell on an annual basis to ¥3.71 billion from ¥3.77 billion, and total operating expenses decreased 10.1% year over year to ¥3.82 billion from ¥4.24 billion.

Reported net income came to a loss of ¥249.0 million, or a loss of ¥32.77 per share, compared to a loss of ¥395.0 million, or a loss of ¥51.98 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥22.37 per share, an increase from ¥21.96 per share in the prior year.

Normalized net income was ¥170.0 million, an increase from ¥166.9 million in the prior year.

Full-year total revenue amounted to ¥19.30 billion, compared with ¥19.22 billion in the prior year, and total operating expenses came to ¥18.89 billion, compared with ¥19.04 billion in the year-earlier period.

The company said reported net income totaled a loss of ¥152.0 million, or a loss of ¥20.00 per share, in the full year, compared with income of ¥65.0 million, or ¥8.55 per share, the prior year.

As of June 29, US$1 was equivalent to ¥102.64.