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General Oyster posts fiscal Q4 profit

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General Oyster posts fiscal Q4 profit

General Oyster Inc. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥53.1 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 5.1%.

Total revenue came to ¥1.04 billion, and total operating expenses came to ¥938.0 million.

Reported net income totaled ¥90.0 million, or ¥71.84 per share.

For the year, the company's normalized net income totaled ¥94.16 per share, a fall of 17.7% from ¥114.36 per share in the prior year.

Normalized net income was ¥115.0 million, a decline of 14.0% from ¥133.8 million in the prior year.

Full-year total revenue rose 21.7% on an annual basis to ¥3.85 billion from ¥3.16 billion, and total operating expenses grew 23.8% on an annual basis to ¥3.64 billion from ¥2.94 billion.

The company said reported net income totaled ¥153.0 million, or ¥125.27 per share, in the full year, compared with ¥153.0 million, or ¥130.81 per share, the prior year.

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