The company said its net earnings to 31 December were JPY 2.41bn ($26.48m),from JPY 659m in 2011.

This is despite revenue dropping to JPY 45.32bn from JPY54.51bn over the same period

It is expecting a tough finish to the year, however, withthe 12-month profit forecast to be only JPY 1.1bn.

This suggests a loss in the fourth quarter of JPY 1.3bn.

Its previous annual profit was JPY 1.23bn.