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Seigakusya fiscal Q4 loss widens 18.7% YOY

Seigakusya Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of ¥16.91 per share, compared with a loss of ¥14.29 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 ¥99.4 million, compared with a loss of ¥83.8 million in the prior-year period.

The normalized profit margin declined to negative 4.0% from negative 3.5% in the year-earlier period.

Total revenue climbed year over year to ¥2.47 billion from ¥2.42 billion, and total operating expenses grew on an annual basis to ¥2.62 billion from ¥2.54 billion.

Reported net income came to a loss of ¥106.7 million, or a loss of ¥18.21 per share, compared to a loss of ¥76.8 million, or a loss of ¥13.14 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥50.07 per share, a decline of 7.3% from ¥54.02 per share in the prior year.

Normalized net income was ¥294.4 million, a decline of 7.5% from ¥318.1 million in the prior year.

Full-year total revenue increased year over year to ¥10.39 billion from ¥10.03 billion, and total operating expenses increased year over year to ¥9.90 billion from ¥9.51 billion.

The company said reported net income declined 31.8% year over year to ¥210.9 million, or ¥35.74 per share, in the full year, from ¥309.5 million, or ¥52.55 per share.

As of June 25, US$1 was equivalent to ¥123.71.