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Imasen Electric fiscal Q4 profit falls YOY

Imasen Electric Industrial Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥21.10 per share, a decline of 51.4% from ¥43.43 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥432.1 million, a decline of 52.2% from ¥903.1 million in the year-earlier period.

The normalized profit margin dropped to 1.5% from 3.1% in the year-earlier period.

Total revenue rose year over year to ¥29.37 billion from ¥29.07 billion, and total operating expenses climbed on an annual basis to ¥28.89 billion from ¥28.21 billion.

Reported net income came to a loss of ¥1.43 billion, or a loss of ¥69.59 per share, compared to income of ¥1.26 billion, or ¥60.44 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥117.04 per share, a fall of 34.5% from ¥178.64 per share in the prior year.

Normalized net income was ¥2.43 billion, a fall of 34.5% from ¥3.71 billion in the prior year.

Full-year total revenue rose year over year to ¥112.00 billion from ¥110.27 billion, and total operating expenses rose on an annual basis to ¥108.70 billion from ¥105.66 billion.

The company said reported net income fell 80.2% on an annual basis to ¥927.3 million, or ¥44.59 per share, in the full year, from ¥4.68 billion, or ¥225.03 per share.

As of June 23, US$1 was equivalent to ¥123.88.