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Kimuratan fiscal Q4 loss narrows YOY

Kimuratan Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of 2 Japanese sen per share, compared with a loss of 24 sen 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 ¥1.9 million, compared with a loss of ¥18.8 million in the prior-year period.

The normalized profit margin rose to negative 0.1% from negative 1.4% in the year-earlier period.

Total revenue decreased year over year to ¥1.27 billion from ¥1.29 billion, and total operating expenses declined from the prior-year period to ¥1.27 billion from ¥1.32 billion.

Reported net income totaled a loss of ¥9.0 million, or a loss of 11 sen per share, compared to a loss of ¥35.0 million, or a loss of 44 sen per share, in the year-earlier period.

For the year, the company's normalized net income totaled 12 sen per share, an increase of 7.1% from 11 sen per share in the prior year.

Normalized net income was ¥9.4 million, a rise of 7.1% from ¥8.8 million in the prior year.

Full-year total revenue declined from the prior-year period to ¥4.66 billion from ¥4.77 billion, and total operating expenses declined on an annual basis to ¥4.63 billion from ¥4.74 billion.

The company said reported net income fell 20.0% year over year to ¥4.0 million, or 5 sen per share, in the full year, from ¥5.0 million, or 6 sen per share.

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