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Sakurai fiscal Q4 loss widens YOY

Sakurai Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of ¥14.85 per share, compared with a loss of ¥1.88 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 ¥59.4 million, compared with a loss of ¥7.5 million in the year-earlier period.

The normalized profit margin dropped to negative 5.0% from negative 0.9% in the year-earlier period.

Total revenue climbed 40.2% year over year to ¥1.18 billion from ¥839.0 million, and total operating expenses increased 48.5% year over year to ¥1.28 billion from ¥864.0 million.

Reported net income totaled a loss of ¥73.0 million, or a loss of ¥18.26 per share, compared to a loss of ¥69.0 million, or a loss of ¥17.25 per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of ¥29.23 per share, compared with ¥25.79 per share in the prior year.

Normalized net income was a loss of ¥116.9 million, compared with income of ¥103.1 million in the prior year.

Full-year total revenue grew 6.5% from the prior-year period to ¥3.57 billion from ¥3.35 billion, and total operating expenses grew 17.7% year over year to ¥3.88 billion from ¥3.29 billion.

The company said reported net income came to a loss of ¥160.0 million, or a loss of ¥40.01 per share, in the full year, compared with income of ¥36.0 million, or ¥9.00 per share, the prior year.

As of June 19, US$1 was equivalent to ¥122.78.