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Lead Co. fiscal Q4 profit falls YOY

Lead Co. Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥6.42 per share, a decrease of 74.5% from ¥25.21 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.9 million, a decline of 74.5% from ¥66.3 million in the prior-year period.

The normalized profit margin fell to 1.2% from 3.9% in the year-earlier period.

Total revenue decreased 14.9% year over year to ¥1.44 billion from ¥1.69 billion, and total operating expenses decreased 11.4% on an annual basis to ¥1.40 billion from ¥1.58 billion.

Reported net income fell 82.2% on an annual basis to ¥28.0 million, or ¥10.66 per share, from ¥157.0 million, or ¥59.75 per share.

For the year, the company's normalized net income totaled ¥12.13 per share, compared with a loss of ¥38.06 per share in the prior year.

Normalized net income was ¥31.9 million, compared with a loss of ¥100.0 million in the prior year.

Full-year total revenue decreased 9.3% from the prior-year period to ¥5.24 billion from ¥5.78 billion, and total operating expenses decreased 12.7% on an annual basis to ¥5.20 billion from ¥5.95 billion.

The company said reported net income totaled ¥268.0 million, or ¥101.99 per share, in the full year, compared with a loss of ¥111.0 million, or a loss of ¥42.24 per share, the prior year.

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