trending Market Intelligence /marketintelligence/en/news-insights/trending/PavBx-BemsN23sdOktmkGg2 content esgSubNav
In This List

Chubu Suisan swings to profit in fiscal Q4

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Chubu Suisan swings to profit in fiscal Q4

Chubu Suisan Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥3.15 per share, compared with a loss of ¥4.18 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.6 million, compared with a loss of ¥7.5 million in the prior-year period.

The normalized profit margin rose to 0.1% from negative 0.1% in the year-earlier period.

Total revenue rose on an annual basis to ¥9.48 billion from ¥9.26 billion, and total operating expenses climbed from the prior-year period to ¥9.50 billion from ¥9.30 billion.

Reported net income totaled a loss of ¥42.0 million, or a loss of ¥23.51 per share, compared to a loss of ¥20.0 million, or a loss of ¥11.15 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥90.45 per share, a gain of 8.7% from ¥83.25 per share in the prior year.

Normalized net income was ¥161.9 million, a rise of 7.5% from ¥150.6 million in the prior year.

Full-year total revenue rose on an annual basis to ¥41.69 billion from ¥40.78 billion, and total operating expenses increased on an annual basis to ¥41.56 billion from ¥40.66 billion.

The company said reported net income decreased 30.3% year over year to ¥99.0 million, or ¥55.32 per share, in the full year, from ¥142.0 million, or ¥78.48 per share.

As of June 26, US$1 was equivalent to ¥123.96.