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Scroll fiscal Q4 loss narrows YOY

Scroll Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of ¥10.65 per share, compared with a loss of ¥24.05 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥355.6 million, compared with a loss of ¥798.1 million in the year-earlier period.

The normalized profit margin rose to negative 2.2% from negative 4.6% in the year-earlier period.

Total revenue decreased 6.7% on an annual basis to ¥16.19 billion from ¥17.36 billion, and total operating expenses declined 9.6% year over year to ¥16.89 billion from ¥18.69 billion.

Reported net income came to a loss of ¥1.63 billion, or a loss of ¥48.73 per share, compared to a loss of ¥191.0 million, or a loss of ¥5.76 per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of ¥27.44 per share, compared with ¥3.29 per share in the prior year.

Normalized net income was a loss of ¥913.9 million, compared with income of ¥109.0 million in the prior year.

Full-year total revenue decreased 6.9% from the prior-year period to ¥63.55 billion from ¥68.25 billion, and total operating expenses fell on an annual basis to ¥65.30 billion from ¥68.40 billion.

The company said reported net income came to a loss of ¥2.65 billion, or a loss of ¥79.53 per share, in the full year, compared with income of ¥517.0 million, or ¥15.61 per share, the prior year.

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