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FJ Next fiscal Q4 profit falls YOY

FJ Next Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥28.01 per share, a decline of 34.0% from ¥42.47 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥951.9 million, a decline of 35.1% from ¥1.47 billion in the prior-year period.

The normalized profit margin fell to 7.7% from 10.4% in the year-earlier period.

Total revenue decreased 12.0% on an annual basis to ¥12.39 billion from ¥14.09 billion, and total operating expenses decreased 7.5% from the prior-year period to ¥10.87 billion from ¥11.74 billion.

Reported net income decreased 23.0% on an annual basis to ¥997.0 million, or ¥29.34 per share, from ¥1.29 billion, or ¥37.46 per share.

For the year, the company's normalized net income totaled ¥84.84 per share, a decrease of 25.0% from ¥113.09 per share in the prior year.

Normalized net income was ¥2.89 billion, a decrease of 21.6% from ¥3.69 billion in the prior year.

Full-year total revenue totaled ¥40.15 billion, compared with ¥40.50 billion in the prior year, and total operating expenses grew year over year to ¥35.51 billion from ¥34.56 billion.

The company said reported net income fell 24.9% year over year to ¥2.92 billion, or ¥85.59 per share, in the full year, from ¥3.88 billion, or ¥119.13 per share.

As of June 26, US$1 was equivalent to ¥123.96.