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Dynic fiscal Q4 profit falls YOY

Dynic Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥19.32 per share, a decline of 18.6% from ¥23.74 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥163.8 million, a decrease of 18.6% from ¥201.3 million in the prior-year period.

The normalized profit margin declined to 1.6% from 1.9% in the year-earlier period.

Total revenue totaled ¥10.37 billion, compared with ¥10.46 billion in the year-earlier period, and total operating expenses came to ¥10.27 billion, compared with ¥10.18 billion in the prior-year period.

Reported net income increased from the prior-year period to ¥701.0 million, or ¥82.69 per share, from ¥12.0 million, or ¥1.42 per share.

For the year, the company's normalized net income totaled ¥65.89 per share, a decrease of 26.7% from ¥89.93 per share in the prior year.

Normalized net income was ¥558.6 million, a fall of 26.7% from ¥762.5 million in the prior year.

Full-year total revenue totaled ¥41.05 billion, compared with ¥41.08 billion in the prior year, and total operating expenses rose on an annual basis to ¥40.44 billion from ¥39.92 billion.

The company said reported net income rose 66.6% on an annual basis to ¥853.0 million, or ¥100.62 per share, in the full year, from ¥512.0 million, or ¥60.39 per share.

As of June 29, US$1 was equivalent to ¥122.67.