Sega Sammy Holdings said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥2.38 per share, compared with a loss of ¥20.86 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥576.9 million, compared with a loss of ¥5.08 billion in the prior-year period.
The normalized profit margin increased to 0.7% from negative 6.9% in the year-earlier period.
Total revenue climbed 18.0% on an annual basis to ¥87.41 billion from ¥74.05 billion, and total operating expenses climbed from the prior-year period to ¥86.06 billion from ¥82.09 billion.
Reported net income came to a loss of ¥11.23 billion, or a loss of ¥46.37 per share, compared to a loss of ¥13.61 billion, or a loss of ¥55.89 per share, in the prior-year period.
For the year, the company's normalized net income totaled ¥41.17 per share, a decline of 59.6% from ¥101.99 per share in the prior year.
Normalized net income was ¥10.03 billion, a decrease of 59.9% from ¥24.99 billion in the prior year.
Full-year total revenue decreased 6.1% year over year to ¥354.92 billion from ¥378.01 billion, and total operating expenses came to ¥337.31 billion, compared with ¥339.48 billion in the year-earlier period.
The company said reported net income came to a loss of ¥11.26 billion, or a loss of ¥46.21 per share, in the full year, compared with income of ¥30.72 billion, or ¥125.39 per share, the prior year.
As of June 18, US$1 was equivalent to ¥122.95.
