trending Market Intelligence /marketintelligence/en/news-insights/trending/xeMXY8itzQQNc4EUaa1zPw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Maxvalu Chubu fiscal Q4 profit falls YOY

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Maxvalu Chubu fiscal Q4 profit falls YOY

Maxvalu Chubu Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was ¥18.94 per share, a decline of 5.5% from ¥20.05 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥607.4 million, a decrease from ¥636.5 million in the prior-year period.

The normalized profit margin fell to 1.4% from 1.6% in the year-earlier period.

Total revenue climbed 7.9% on an annual basis to ¥42.10 billion from ¥39.02 billion, and total operating expenses rose 8.3% on an annual basis to ¥41.29 billion from ¥38.13 billion.

Reported net income increased 66.0% from the prior-year period to ¥607.2 million, or ¥18.93 per share, from ¥365.8 million, or ¥11.52 per share.

For the year, the company's normalized net income totaled ¥15.80 per share, a decrease of 55.4% from ¥35.41 per share in the prior year.

Normalized net income was ¥501.9 million, a decrease of 55.4% from ¥1.12 billion in the prior year.

Full-year total revenue grew 7.7% from the prior-year period to ¥164.94 billion from ¥153.22 billion, and total operating expenses rose 8.5% on an annual basis to ¥164.51 billion from ¥151.61 billion.

The company said reported net income fell 46.1% year over year to ¥212.2 million, or ¥6.68 per share, in the full year, from ¥393.4 million, or ¥12.39 per share.

As of May 25, US$1 was equivalent to ¥121.48.