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Life Foods fiscal Q4 profit falls YOY

Life Foods Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 came to ¥7.96 per share, a gain from ¥7.66 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥24.4 million, a decline from ¥25.0 million in the year-earlier period.

The normalized profit margin dropped to 0.8% from 0.8% in the year-earlier period.

Total revenue increased year over year to ¥3.09 billion from ¥3.02 billion, and total operating expenses grew from the prior-year period to ¥3.06 billion from ¥2.99 billion.

Reported net income came to a loss of ¥19.0 million, or a loss of ¥6.21 per share, compared to a loss of ¥59.0 million, or a loss of ¥18.09 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥83.48 per share, a gain of 14.1% from ¥73.20 per share in the prior year.

Normalized net income was ¥266.3 million, a rise of 7.3% from ¥248.1 million in the prior year.

Full-year total revenue grew on an annual basis to ¥12.61 billion from ¥12.35 billion, and total operating expenses rose on an annual basis to ¥12.23 billion from ¥12.00 billion.

The company said reported net income increased 77.9% year over year to ¥169.0 million, or ¥52.99 per share, in the full year, from ¥95.0 million, or ¥28.03 per share.

As of May 22, US$1 was equivalent to ¥121.48.