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Ontsu fiscal Q4 profit falls YOY

Ontsu Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 13 Japanese sen per share, a decrease of 20.0% from 17 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥25.9 million, a decrease of 17.9% from ¥31.5 million in the year-earlier period.

The normalized profit margin declined to 0.6% from 0.7% in the year-earlier period.

Total revenue climbed year over year to ¥4.38 billion from ¥4.27 billion, and total operating expenses grew from the prior-year period to ¥4.32 billion from ¥4.20 billion.

Reported net income totaled a loss of ¥9.9 million, or a loss of 5 sen per share, compared to a loss of ¥2.0 million, or a loss of 1 sen per share, in the year-earlier period.

For the year, the company's normalized net income totaled 82 sen per share, a gain of 71.9% from 48 sen per share in the prior year.

Normalized net income was ¥162.4 million, an increase of 72.7% from ¥94.0 million in the prior year.

Full-year total revenue rose on an annual basis to ¥17.96 billion from ¥17.43 billion, and total operating expenses increased on an annual basis to ¥17.64 billion from ¥17.20 billion.

The company said reported net income rose on an annual basis to ¥90.8 million, or 46 sen per share, in the full year, from ¥2.0 million, or 1 sen per share.

As of June 24, US$1 was equivalent to ¥102.09.