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Takachiho fiscal Q4 loss widens 39.2% YOY

Takachiho Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of ¥141.82 per share, compared with a loss of ¥101.87 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 ¥88.8 million, compared with a loss of ¥63.8 million in the year-earlier period.

The normalized profit margin declined to negative 3.8% from negative 2.6% in the year-earlier period.

Total revenue fell on an annual basis to ¥2.35 billion from ¥2.42 billion, and total operating expenses decreased from the prior-year period to ¥2.48 billion from ¥2.51 billion.

Reported net income came to a loss of ¥169.0 million, or a loss of ¥270.05 per share, compared to a loss of ¥141.0 million, or a loss of ¥225.31 per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of ¥59.92 per share, compared with ¥58.92 per share in the prior year.

Normalized net income was a loss of ¥37.5 million, compared with income of ¥36.9 million in the prior year.

Full-year total revenue decreased year over year to ¥11.44 billion from ¥12.04 billion, and total operating expenses decreased year over year to ¥11.45 billion from ¥11.93 billion.

The company said reported net income totaled a loss of ¥147.0 million, or a loss of ¥234.90 per share, in the full year, compared with a loss of ¥55.0 million, or a loss of ¥87.89 per share, the prior year.

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