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Y.S.Food swings to profit in fiscal Q4

Y.S.Food Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to 17 Japanese sen per share, compared with a loss of ¥4.01 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥625,000, compared with a loss of ¥14.4 million in the year-earlier period.

The normalized profit margin increased to 0.1% from negative 3.1% in the year-earlier period.

Total revenue came to ¥458.0 million, compared with ¥459.0 million in the prior-year period, and total operating expenses fell 5.0% year over year to ¥454.0 million from ¥478.0 million.

Reported net income totaled a loss of ¥17.0 million, or a loss of ¥4.62 per share, compared to a loss of ¥27.0 million, or a loss of ¥7.53 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥2.08 per share, a fall of 74.0% from ¥7.98 per share in the prior year.

Normalized net income was ¥7.5 million, a fall of 73.9% from ¥28.8 million in the prior year.

Full-year total revenue decreased 5.2% on an annual basis to ¥1.90 billion from ¥2.00 billion, and total operating expenses declined on an annual basis to ¥1.88 billion from ¥1.95 billion.

The company said reported net income came to a loss of ¥33.0 million, or a loss of ¥9.14 per share, in the full year, compared with income of ¥13.0 million, or ¥3.61 per share, the prior year.

As of June 26, US$1 was equivalent to ¥123.96.