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J-Group Holdings fiscal Q4 profit climbs YOY

J-Group Holdings Corp. said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to ¥9.13 per share, a gain from ¥3.76 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥74.4 million, an increase from ¥30.0 million in the year-earlier period.

The normalized profit margin increased to 2.1% from 1.0% in the year-earlier period.

Total revenue grew 19.3% year over year to ¥3.61 billion from ¥3.03 billion, and total operating expenses increased 17.8% year over year to ¥3.50 billion from ¥2.97 billion.

Reported net income came to ¥84.8 million, or ¥10.41 per share, compared to a loss of ¥64.0 million, or a loss of ¥8.01 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥7.62 per share, compared with a loss of ¥2.73 per share in the prior year.

Normalized net income was ¥61.3 million, compared with a loss of ¥20.6 million in the prior year.

Full-year total revenue grew 19.7% from the prior-year period to ¥13.66 billion from ¥11.42 billion, and total operating expenses increased 18.4% on an annual basis to ¥13.60 billion from ¥11.48 billion.

The company said reported net income totaled ¥28.8 million, or ¥3.50 per share, in the full year, compared with a loss of ¥139.0 million, or a loss of ¥18.38 per share, the prior year.

As of May 29, US$1 was equivalent to ¥124.15.