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Yaizu Suisankagaku fiscal Q4 profit falls YOY

Yaizu Suisankagaku Industry Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 55 Japanese sen per share, a decrease of 88.8% from ¥4.93 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.9 million, a decrease of 88.8% from ¥61.3 million in the year-earlier period.

The normalized profit margin dropped to 0.2% from 1.4% in the year-earlier period.

Total revenue declined 8.9% year over year to ¥4.08 billion from ¥4.48 billion, and total operating expenses fell 7.5% on an annual basis to ¥4.07 billion from ¥4.40 billion.

Reported net income increased from the prior-year period to ¥207.0 million, or ¥16.69 per share, from ¥67.0 million, or ¥5.39 per share.

For the year, the company's normalized net income totaled ¥36.54 per share, a fall of 31.9% from ¥53.67 per share in the prior year.

Normalized net income was ¥453.1 million, a fall of 33.5% from ¥681.9 million in the prior year.

Full-year total revenue decreased on an annual basis to ¥18.58 billion from ¥19.39 billion, and total operating expenses fell year over year to ¥17.97 billion from ¥18.44 billion.

The company said reported net income decreased 6.8% year over year to ¥634.0 million, or ¥51.13 per share, in the full year, from ¥680.0 million, or ¥53.53 per share.

As of June 29, US$1 was equivalent to ¥102.64.