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Sanyei fiscal Q4 profit climbs YOY

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Sanyei fiscal Q4 profit climbs YOY

Sanyei Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥83.19 per share, an increase of 96.4% from ¥42.36 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥201.3 million, a gain from ¥99.4 million in the year-earlier period.

The normalized profit margin rose to 1.7% from 1.0% in the year-earlier period.

Total revenue climbed 16.6% on an annual basis to ¥12.15 billion from ¥10.43 billion, and total operating expenses climbed 15.9% from the prior-year period to ¥11.95 billion from ¥10.31 billion.

Reported net income totaled ¥112.1 million, or ¥46.33 per share, compared to a loss of ¥28.0 million, or a loss of ¥11.93 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥262.02 per share, a gain from ¥129.56 per share in the prior year.

Normalized net income was ¥633.0 million, a gain from ¥312.0 million in the prior year.

Full-year total revenue rose 11.4% on an annual basis to ¥44.45 billion from ¥39.89 billion, and total operating expenses grew 10.6% year over year to ¥43.67 billion from ¥39.49 billion.

The company said reported net income grew 26.7% year over year to ¥580.7 million, or ¥240.37 per share, in the full year, from ¥458.2 million, or ¥190.28 per share.

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