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Ifuji Sangyo fiscal Q4 profit climbs YOY

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Ifuji Sangyo fiscal Q4 profit climbs YOY

Ifuji Sangyo Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥8.63 per share, a gain from 90 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 ¥71.9 million, a gain from ¥7.5 million in the year-earlier period.

The normalized profit margin climbed to 2.3% from 0.2% in the year-earlier period.

Total revenue decreased 9.4% on an annual basis to ¥3.09 billion from ¥3.41 billion, and total operating expenses declined 12.6% on an annual basis to ¥2.97 billion from ¥3.40 billion.

Reported net income came to ¥60.0 million, or ¥7.20 per share, compared to a loss of ¥2.0 million, or a loss of 24 sen per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥39.83 per share, an increase of 45.5% from ¥27.37 per share in the prior year.

Normalized net income was ¥331.9 million, a rise of 45.5% from ¥228.1 million in the prior year.

Full-year total revenue rose year over year to ¥13.13 billion from ¥12.65 billion, and total operating expenses grew year over year to ¥12.61 billion from ¥12.31 billion.

The company said reported net income rose 65.1% year over year to ¥388.0 million, or ¥46.57 per share, in the full year, from ¥235.0 million, or ¥28.20 per share.

As of June 26, US$1 was equivalent to ¥123.96.