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Universal Entertainment fiscal Q4 profit falls YOY

Universal Entertainment Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥115.82 per share, a decrease of 17.7% from ¥140.68 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.50 billion, a decline of 17.7% from ¥10.33 billion in the year-earlier period.

The normalized profit margin was 20.7%.

Total revenue fell 12.0% year over year to ¥41.06 billion from ¥46.68 billion, and total operating expenses came to ¥27.83 billion, compared with ¥27.75 billion in the prior-year period.

Reported net income increased on an annual basis to ¥8.33 billion, or ¥113.50 per share, from ¥8.11 billion, or ¥110.52 per share.

For the year, the company's normalized net income totaled ¥188.29 per share, a fall from ¥192.96 per share in the prior year.

Normalized net income was ¥13.82 billion, a fall from ¥14.17 billion in the prior year.

Full-year total revenue rose on an annual basis to ¥88.08 billion from ¥86.76 billion, and total operating expenses grew 7.9% year over year to ¥67.04 billion from ¥62.11 billion.

The company said reported net income rose 8.1% on an annual basis to ¥10.17 billion, or ¥138.63 per share, in the full year, from ¥9.41 billion, or ¥128.15 per share.

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