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Yamano Holdings fiscal Q4 profit falls YOY

Yamano Holdings Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥2.24 per share, a decline of 33.4% from ¥3.37 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥77.4 million, a decrease of 33.4% from ¥116.1 million in the year-earlier period.

The normalized profit margin dropped to 1.3% from 1.8% in the year-earlier period.

Total revenue decreased 7.5% year over year to ¥6.09 billion from ¥6.59 billion, and total operating expenses decreased 5.3% on an annual basis to ¥6.03 billion from ¥6.37 billion.

Reported net income totaled a loss of ¥8.0 million, or a loss of 23 sen per share, compared to income of ¥120.0 million, or ¥3.48 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥8.70 per share, a fall from ¥8.94 per share in the prior year.

Normalized net income was ¥299.9 million, a decline from ¥308.4 million in the prior year.

Full-year total revenue decreased 6.5% from the prior-year period to ¥23.17 billion from ¥24.78 billion, and total operating expenses decreased year over year to ¥23.05 billion from ¥24.20 billion.

The company said reported net income decreased 42.8% year over year to ¥178.0 million, or ¥5.16 per share, in the full year, from ¥311.3 million, or ¥9.03 per share.

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