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Kawasaki & Co. fiscal Q4 loss narrows YOY

Kawasaki & Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Aug. 31 came to a loss of 27 Japanese sen per share, compared with a loss of 77 sen 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 ¥625,000, compared with a loss of ¥1.9 million in the year-earlier period.

The normalized profit margin climbed to negative 0.1% from negative 0.4% in the year-earlier period.

Total revenue fell year over year to ¥496.0 million from ¥509.0 million, and total operating expenses decreased on an annual basis to ¥503.0 million from ¥517.0 million.

Reported net income came to ¥29.0 million, or ¥12.67 per share, compared to a loss of ¥72.0 million, or a loss of ¥29.64 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥61.67 per share, a decline of 17.1% from ¥74.37 per share in the prior year.

Normalized net income was ¥141.9 million, a decrease of 21.5% from ¥180.6 million in the prior year.

Full-year total revenue decreased on an annual basis to ¥2.16 billion from ¥2.24 billion, and total operating expenses fell 5.7% year over year to ¥1.96 billion from ¥2.08 billion.

The company said reported net income rose 60.4% year over year to ¥154.0 million, or ¥66.94 per share, in the full year, from ¥96.0 million, or ¥39.53 per share.

As of Nov. 26, US$1 was equivalent to ¥122.54.