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HASEKO fiscal Q4 profit climbs 65.1% YOY

HASEKO Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥35.26 per share, an increase of 97.0% from ¥17.90 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥10.60 billion, a gain of 65.1% from ¥6.42 billion in the prior-year period.

The normalized profit margin increased to 5.9% from 3.3% in the year-earlier period.

Total revenue decreased 5.8% on an annual basis to ¥180.72 billion from ¥191.81 billion, and total operating expenses decreased 9.3% year over year to ¥163.41 billion from ¥180.26 billion.

Reported net income grew 88.1% on an annual basis to ¥11.54 billion, or ¥38.38 per share, from ¥6.14 billion, or ¥17.10 per share.

For the year, the company's normalized net income totaled ¥85.02 per share, an increase of 96.0% from ¥43.37 per share in the prior year.

Normalized net income was ¥26.12 billion, a gain of 64.9% from ¥15.84 billion in the prior year.

Full-year total revenue grew 9.3% on an annual basis to ¥642.17 billion from ¥587.57 billion, and total operating expenses increased 7.3% year over year to ¥599.47 billion from ¥558.73 billion.

The company said reported net income rose 14.9% on an annual basis to ¥28.54 billion, or ¥92.90 per share, in the full year, from ¥24.83 billion, or ¥67.98 per share.

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