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Aseed Holdings fiscal Q4 loss narrows YOY

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Aseed Holdings fiscal Q4 loss narrows YOY

Aseed Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of ¥2.02 per share, compared with a loss of ¥4.24 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 ¥25.6 million, compared with a loss of ¥54.4 million in the year-earlier period.

The normalized profit margin rose to negative 0.4% from negative 0.8% in the year-earlier period.

Total revenue declined 5.3% year over year to ¥6.59 billion from ¥6.96 billion, and total operating expenses fell 5.9% on an annual basis to ¥6.63 billion from ¥7.04 billion.

Reported net income totaled a loss of ¥57.0 million, or a loss of ¥4.50 per share, compared to a loss of ¥88.0 million, or a loss of ¥6.87 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥20.59 per share, a decrease from ¥20.93 per share in the prior year.

Normalized net income was ¥261.9 million, a decline from ¥270.0 million in the prior year.

Full-year total revenue fell 6.4% on an annual basis to ¥29.82 billion from ¥31.86 billion, and total operating expenses fell 6.5% year over year to ¥29.38 billion from ¥31.41 billion.

The company said reported net income decreased 55.4% year over year to ¥108.0 million, or ¥8.49 per share, in the full year, from ¥242.0 million, or ¥18.76 per share.

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