trending Market Intelligence /marketintelligence/en/news-insights/trending/yqpqmgJ7Ae-1lv2_PClyBA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Yokohama Reito fiscal Q4 profit climbs 5.3% YOY

Blog

What's on the Horizon for the Cruise Hotel Resorts Sector

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


Yokohama Reito fiscal Q4 profit climbs 5.3% YOY

Yokohama Reito Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Sept. 30 was ¥8.98 per share, an increase of 5.3% from ¥8.53 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥530.9 million, a gain of 5.3% from ¥504.1 million in the prior-year period.

The normalized profit margin increased to 1.5% from 1.3% in the year-earlier period.

Total revenue declined 9.8% year over year to ¥36.27 billion from ¥40.22 billion, and total operating expenses fell 10.3% from the prior-year period to ¥35.32 billion from ¥39.39 billion.

Reported net income declined 88.9% year over year to ¥52.1 million, or 88 sen per share, from ¥468.8 million, or ¥7.93 per share.

For the year, the company's normalized net income totaled ¥56.27 per share, an increase of 33.8% from ¥42.07 per share in the prior year.

Normalized net income was ¥3.33 billion, an increase of 33.8% from ¥2.49 billion in the prior year.

Full-year total revenue decreased on an annual basis to ¥148.61 billion from ¥154.77 billion, and total operating expenses fell year over year to ¥143.44 billion from ¥150.89 billion.

The company said reported net income grew 16.5% on an annual basis to ¥2.93 billion, or ¥49.60 per share, in the full year, from ¥2.52 billion, or ¥42.59 per share.

As of Dec. 26, US$1 was equivalent to ¥117.14.