trending Market Intelligence /marketintelligence/en/news-insights/trending/Oj1VB100NQSRb5TBbd1PEw2 content esgSubNav
In This List

Car Mate fiscal Q4 loss narrows YOY

Blog

HDFC Securities Investment Research Now Available through S&P Capital IQ Pro

Podcast

MediaTalk | Season 2
Ep.2 Back to the Box Office

Blog

The Marriage of Two Best-in-Class Solutions Delivers a Significant Advancement in Data Visualization and Technical Analysis

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks


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.