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Daimaru Enawin fiscal Q4 profit falls YOY

Daimaru Enawin Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥30.17 per share, a decline of 28.1% from ¥41.99 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥231.9 million, a decline of 29.5% from ¥328.8 million in the year-earlier period.

The normalized profit margin declined to 5.3% from 6.3% in the year-earlier period.

Total revenue fell 15.5% on an annual basis to ¥4.39 billion from ¥5.20 billion, and total operating expenses declined 13.9% year over year to ¥4.03 billion from ¥4.69 billion.

Reported net income declined 28.3% on an annual basis to ¥228.0 million, or ¥29.67 per share, from ¥318.0 million, or ¥40.61 per share.

For the year, the company's normalized net income totaled ¥77.15 per share, a gain of 5.5% from ¥73.12 per share in the prior year.

Normalized net income was ¥597.5 million, a gain from ¥572.5 million in the prior year.

Full-year total revenue decreased 7.5% from the prior-year period to ¥16.30 billion from ¥17.62 billion, and total operating expenses declined 8.1% year over year to ¥15.38 billion from ¥16.75 billion.

The company said reported net income increased 14.0% year over year to ¥596.0 million, or ¥76.95 per share, in the full year, from ¥523.0 million, or ¥66.79 per share.

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