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Ten Allied fiscal Q4 loss narrows YOY

Ten Allied Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of ¥1.49 per share, compared with a loss of ¥1.52 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥38.8 million, compared with a loss of ¥39.4 million in the year-earlier period.

The normalized profit margin rose to negative 1.0% from negative 1.1% in the year-earlier period.

Total revenue grew year over year to ¥3.89 billion from ¥3.74 billion, and total operating expenses increased year over year to ¥3.96 billion from ¥3.81 billion.

Reported net income came to a loss of ¥1.37 billion, or a loss of ¥52.92 per share, compared to a loss of ¥186.0 million, or a loss of ¥7.16 per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of ¥2.55 per share, compared with a loss of ¥3.76 per share in the prior year.

Normalized net income was a loss of ¥66.3 million, compared with a loss of ¥97.5 million in the prior year.

Full-year total revenue grew from the prior-year period to ¥15.50 billion from ¥15.06 billion, and total operating expenses rose year over year to ¥15.62 billion from ¥15.23 billion.

The company said reported net income came to a loss of ¥1.57 billion, or a loss of ¥60.40 per share, in the full year, compared with a loss of ¥393.0 million, or a loss of ¥15.14 per share, the prior year.

As of June 29, US$1 was equivalent to ¥122.67.