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DCM Holdings fiscal Q4 profit falls YOY

DCM Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to ¥7.46 per share, a decrease of 28.3% from ¥10.41 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.01 billion, a decline of 29.5% from ¥1.44 billion in the prior-year period.

The normalized profit margin declined to 1.0% from 1.4% in the year-earlier period.

Total revenue fell on an annual basis to ¥99.67 billion from ¥103.29 billion, and total operating expenses declined from the prior-year period to ¥97.96 billion from ¥100.89 billion.

Reported net income declined 76.9% from the prior-year period to ¥434.0 million, or ¥3.19 per share, from ¥1.88 billion, or ¥13.57 per share.

For the year, the company's normalized net income totaled ¥73.98 per share, compared with ¥73.94 per share in the prior year.

Normalized net income was ¥10.16 billion, a fall from ¥10.33 billion in the prior year.

Full-year total revenue amounted to ¥430.75 billion, compared with ¥434.19 billion in the prior year, and total operating expenses totaled ¥414.13 billion, compared with ¥417.50 billion in the prior-year period.

The company said reported net income decreased 11.8% on an annual basis to ¥9.01 billion, or ¥65.63 per share, in the full year, from ¥10.22 billion, or ¥73.14 per share.

As of May 29, US$1 was equivalent to ¥124.15.