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Kansai Super Market fiscal Q4 profit falls YOY

Kansai Super Market Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥6.00 per share, a decline of 63.2% from ¥16.31 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥169.4 million, a decrease of 63.2% from ¥460.6 million in the year-earlier period.

The normalized profit margin declined to 0.6% from 1.5% in the year-earlier period.

Total revenue declined 5.2% on an annual basis to ¥29.09 billion from ¥30.69 billion, and total operating expenses declined from the prior-year period to ¥28.80 billion from ¥29.98 billion.

Reported net income totaled a loss of ¥881.0 million, or a loss of ¥31.19 per share, compared to income of ¥400.0 million, or ¥14.16 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥4.12 per share, a decline of 92.1% from ¥52.12 per share in the prior year.

Normalized net income was ¥116.3 million, a fall of 92.1% from ¥1.47 billion in the prior year.

Full-year total revenue decreased from the prior-year period to ¥118.92 billion from ¥122.15 billion, and total operating expenses decreased year over year to ¥119.08 billion from ¥120.35 billion.

The company said reported net income totaled a loss of ¥955.0 million, or a loss of ¥33.81 per share, in the full year, compared with income of ¥1.45 billion, or ¥51.41 per share, the prior year.

As of June 24, US$1 was equivalent to ¥124.31.