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Ebara Foods fiscal Q4 loss narrows YOY

Ebara Foods said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of ¥27.03 per share, compared with a loss of ¥32.06 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥280.6 million, compared with a loss of ¥293.1 million in the year-earlier period.

The normalized profit margin fell to negative 2.8% from negative 2.8% in the year-earlier period.

Total revenue declined year over year to ¥9.94 billion from ¥10.41 billion, and total operating expenses fell on an annual basis to ¥10.39 billion from ¥10.87 billion.

Reported net income totaled a loss of ¥459.0 million, or a loss of ¥44.21 per share, compared to a loss of ¥446.0 million, or a loss of ¥48.78 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥115.31 per share, a decrease of 9.6% from ¥127.61 per share in the prior year.

Normalized net income was ¥1.10 billion, a decrease of 6.1% from ¥1.17 billion in the prior year.

Full-year total revenue fell from the prior-year period to ¥49.58 billion from ¥50.15 billion, and total operating expenses came to ¥47.92 billion, compared with ¥48.21 billion in the prior-year period.

The company said reported net income declined 6.9% on an annual basis to ¥791.0 million, or ¥83.25 per share, in the full year, from ¥850.0 million, or ¥92.96 per share.

As of June 29, US$1 was equivalent to ¥122.67.