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Kuraudia fiscal Q4 loss narrows YOY

Kuraudia Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Aug. 31 was a loss of ¥18.90 per share, compared with a loss of ¥19.23 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 ¥164.4 million, compared with a loss of ¥176.3 million in the year-earlier period.

The normalized profit margin rose to negative 5.8% from negative 6.2% in the year-earlier period.

Total revenue came to ¥2.83 billion, compared with ¥2.85 billion in the prior-year period, and total operating expenses decreased year over year to ¥3.10 billion from ¥3.13 billion.

Reported net income totaled a loss of ¥296.0 million, or a loss of ¥34.03 per share, compared to a loss of ¥238.0 million, or a loss of ¥25.96 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥8.84 per share, a decline of 78.1% from ¥40.43 per share in the prior year.

Normalized net income was ¥79.4 million, a fall of 78.6% from ¥370.6 million in the prior year.

Full-year total revenue fell 11.1% from the prior-year period to ¥12.38 billion from ¥13.93 billion, and total operating expenses declined 8.2% year over year to ¥12.29 billion from ¥13.38 billion.

The company said reported net income fell 84.1% on an annual basis to ¥31.0 million, or ¥3.45 per share, in the full year, from ¥195.0 million, or ¥21.27 per share.

As of Nov. 26, US$1 was equivalent to ¥122.54.