trending Market Intelligence /marketintelligence/en/news-insights/trending/yXND3XbJ_p-oTvXofjOE2g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Kintetsu Department Store 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


Kintetsu Department Store fiscal Q4 profit falls YOY

Kintetsu Department Store Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to ¥43.27 per share, a decline of 16.1% from ¥51.55 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.75 billion, a decrease of 16.1% from ¥2.08 billion in the prior-year period.

The normalized profit margin dropped to 2.3% from 2.6% in the year-earlier period.

Total revenue declined year over year to ¥75.69 billion from ¥79.30 billion, and total operating expenses fell from the prior-year period to ¥72.88 billion from ¥76.07 billion.

Reported net income totaled a loss of ¥1.37 billion, or a loss of ¥33.98 per share, compared to income of ¥2.27 billion, or ¥56.29 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥42.59 per share, a gain from ¥41.12 per share in the prior year.

Normalized net income was ¥1.72 billion, a gain from ¥1.66 billion in the prior year.

Full-year total revenue rose from the prior-year period to ¥279.90 billion from ¥277.07 billion, and total operating expenses came to ¥276.05 billion, compared with ¥273.98 billion in the prior-year period.

The company said reported net income totaled a loss of ¥2.05 billion, or a loss of ¥50.79 per share, in the full year, compared with income of ¥969.0 million, or ¥24.00 per share, the prior year.

As of May 29, US$1 was equivalent to ¥124.15.