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AT-Group fiscal Q4 profit falls YOY

AT-Group Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥92.57 per share, a decrease of 9.2% from ¥101.99 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.11 billion, a decrease of 9.3% from ¥3.43 billion in the prior-year period.

The normalized profit margin climbed to 2.8% from 2.7% in the year-earlier period.

Total revenue fell 12.0% year over year to ¥110.90 billion from ¥126.04 billion, and total operating expenses declined 12.1% on an annual basis to ¥106.20 billion from ¥120.84 billion.

Reported net income declined 42.2% from the prior-year period to ¥1.75 billion, or ¥51.99 per share, from ¥3.02 billion, or ¥89.88 per share.

For the year, the company's normalized net income totaled ¥283.04 per share, a fall of 16.5% from ¥338.88 per share in the prior year.

Normalized net income was ¥9.51 billion, a decline of 16.5% from ¥11.39 billion in the prior year.

Full-year total revenue declined 10.1% from the prior-year period to ¥380.76 billion from ¥423.71 billion, and total operating expenses declined 9.7% on an annual basis to ¥367.85 billion from ¥407.44 billion.

The company said reported net income declined 22.9% on an annual basis to ¥8.59 billion, or ¥255.67 per share, in the full year, from ¥11.14 billion, or ¥331.40 per share.

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