trending Market Intelligence /marketintelligence/en/news-insights/trending/Z5ViENcB6uOruk3aJ7IYOA2 content esgSubNav
In This List

CB Group Management swings to loss in fiscal Q4

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Blog

Bed, Bath, and Bankruptcy: Using Quantitative Credit Models to Predict Corporate Defaults

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback

Infographic

Infographic: The Big Picture 2023 Sustainability Outlook


CB Group Management swings to loss in fiscal Q4

CB Group Management Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of ¥13.37 per share, compared with ¥90.48 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 ¥29.4 million, compared with income of ¥198.8 million in the year-earlier period.

The normalized profit margin declined to negative 0.1% from 0.6% in the year-earlier period.

Total revenue decreased 10.5% on an annual basis to ¥30.31 billion from ¥33.87 billion, and total operating expenses fell 9.5% from the prior-year period to ¥30.35 billion from ¥33.54 billion.

Reported net income totaled a loss of ¥352.0 million, or a loss of ¥160.26 per share, compared to income of ¥289.0 million, or ¥131.57 per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of ¥117.52 per share, compared with ¥360.12 per share in the prior year.

Normalized net income was a loss of ¥258.1 million, compared with income of ¥791.3 million in the prior year.

Full-year total revenue decreased on an annual basis to ¥130.19 billion from ¥136.68 billion, and total operating expenses fell on an annual basis to ¥130.62 billion from ¥135.42 billion.

The company said reported net income totaled a loss of ¥1.66 billion, or a loss of ¥753.51 per share, in the full year, compared with income of ¥859.0 million, or ¥390.95 per share, the prior year.

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