OUG Holdings Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of ¥27.26 per share, compared with a loss of ¥1.28 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 ¥149.4 million, compared with a loss of ¥7.0 million in the year-earlier period.
The normalized profit margin dropped to negative 0.2% from negative 0.0% in the year-earlier period.
Total revenue grew year over year to ¥72.58 billion from ¥70.35 billion, and total operating expenses climbed on an annual basis to ¥72.82 billion from ¥70.38 billion.
Reported net income came to ¥154.0 million, or ¥28.10 per share, compared to a loss of ¥55.0 million, or a loss of ¥10.07 per share, in the year-earlier period.
For the year, the company's normalized net income totaled ¥146.53 per share, a fall of 34.4% from ¥223.27 per share in the prior year.
Normalized net income was ¥801.9 million, a decrease of 34.3% from ¥1.22 billion in the prior year.
Full-year total revenue increased from the prior-year period to ¥324.46 billion from ¥312.47 billion, and total operating expenses grew year over year to ¥323.30 billion from ¥310.57 billion.
The company said reported net income declined 39.9% year over year to ¥999.0 million, or ¥182.55 per share, in the full year, from ¥1.66 billion, or ¥304.19 per share.
As of June 29, US$1 was equivalent to ¥122.67.