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Takara Holdings fiscal Q4 profit climbs 75.7% YOY

Takara Holdings Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 28 Japanese sen per share, a gain of 75.8% from 16 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥56.9 million, an increase of 75.7% from ¥32.4 million in the year-earlier period.

The normalized profit margin increased to 0.1% from 0.1% in the year-earlier period.

Total revenue climbed 6.8% on an annual basis to ¥53.44 billion from ¥50.05 billion, and total operating expenses climbed 7.0% on an annual basis to ¥52.92 billion from ¥49.45 billion.

Reported net income came to a loss of ¥278.0 million, or a loss of ¥1.38 per share, compared to a loss of ¥225.0 million, or a loss of ¥1.12 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥33.46 per share, a gain of 23.8% from ¥27.03 per share in the prior year.

Normalized net income was ¥6.73 billion, a gain of 23.2% from ¥5.47 billion in the prior year.

Full-year total revenue increased on an annual basis to ¥219.49 billion from ¥209.57 billion, and total operating expenses grew year over year to ¥208.39 billion from ¥200.08 billion.

The company said reported net income decreased 44.5% year over year to ¥5.71 billion, or ¥28.36 per share, in the full year, from ¥10.28 billion, or ¥50.81 per share.

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