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Maruha Group fiscal Q4 loss narrows YOY

Maruha Group Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of ¥3.86 per share, compared with a loss of ¥2.07 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 ¥192.1 million, compared with a loss of ¥1.02 billion in the year-earlier period.

The normalized profit margin rose to negative 0.1% from negative 0.5% in the year-earlier period.

Total revenue rose on an annual basis to ¥195.84 billion from ¥193.19 billion, and total operating expenses increased year over year to ¥196.94 billion from ¥194.98 billion.

Reported net income came to a loss of ¥1.56 billion, or a loss of ¥31.28 per share, compared to a loss of ¥2.96 billion, or a loss of ¥6.24 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥99.09 per share, a gain from ¥14.67 per share in the prior year.

Normalized net income was ¥5.22 billion, a fall of 32.4% from ¥7.72 billion in the prior year.

Full-year total revenue increased on an annual basis to ¥863.78 billion from ¥851.71 billion, and total operating expenses rose on an annual basis to ¥855.10 billion from ¥841.08 billion.

The company said reported net income grew on an annual basis to ¥7.22 billion, or ¥137.04 per share, in the full year, from ¥3.19 billion, or ¥6.06 per share.

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