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Imuraya Confectionery swings to loss in fiscal Q4

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Imuraya Confectionery swings to loss in fiscal Q4

Imuraya Confectionery Co.Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of 74 Japanese sen per share, compared with 21 sen 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 ¥9.0 million, compared with income of ¥2.5 million in the prior-year period.

The normalized profit margin fell to negative 0.1% from 0.0% in the year-earlier period.

Total revenue grew on an annual basis to ¥8.54 billion from ¥8.20 billion, and total operating expenses increased year over year to ¥8.56 billion from ¥8.18 billion.

Reported net income totaled a loss of ¥68.0 million, or a loss of ¥5.61 per share, compared to a loss of ¥110.0 million, or a loss of ¥9.03 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥36.17 per share, a decrease of 23.2% from ¥47.09 per share in the prior year.

Normalized net income was ¥439.5 million, a fall of 23.4% from ¥573.5 million in the prior year.

Full-year total revenue amounted to ¥36.35 billion, compared with ¥36.27 billion in the prior year, and total operating expenses increased on an annual basis to ¥35.90 billion from ¥35.50 billion.

The company said reported net income grew 13.7% year over year to ¥381.0 million, or ¥31.35 per share, in the full year, from ¥335.0 million, or ¥27.51 per share.

As of June 18, US$1 was equivalent to ¥122.95.