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Jason Co. fiscal Q4 profit falls YOY

Jason Co. said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to ¥1.56 per share, a decrease of 56.2% from ¥3.56 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥20.0 million, a decrease of 56.2% from ¥45.6 million in the prior-year period.

The normalized profit margin declined to 0.4% from 1.0% in the year-earlier period.

Total revenue increased year over year to ¥4.76 billion from ¥4.66 billion, and total operating expenses climbed year over year to ¥4.73 billion from ¥4.60 billion.

Reported net income came to ¥23.0 million, or ¥1.80 per share, compared to a loss of ¥15.0 million, or a loss of ¥1.17 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥20.10 per share, a gain of 17.0% from ¥17.17 per share in the prior year.

Normalized net income was ¥257.5 million, an increase of 17.0% from ¥220.0 million in the prior year.

Full-year total revenue grew from the prior-year period to ¥20.40 billion from ¥19.63 billion, and total operating expenses increased year over year to ¥20.03 billion from ¥19.33 billion.

The company said reported net income increased 77.9% year over year to ¥233.0 million, or ¥18.19 per share, in the full year, from ¥131.0 million, or ¥10.22 per share.

As of May 27, US$1 was equivalent to ¥123.75.