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Wacoal Holdings fiscal Q4 profit climbs YOY

Wacoal Holdings Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥7.47 per share, a gain from ¥1.58 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥527.8 million, an increase from ¥111.6 million in the year-earlier period.

The normalized profit margin climbed to 1.1% from 0.2% in the year-earlier period.

Total revenue totaled ¥47.78 billion, compared with ¥47.81 billion in the year-earlier period, and total operating expenses decreased from the prior-year period to ¥46.75 billion from ¥47.72 billion.

Reported net income rose from the prior-year period to ¥2.81 billion, or ¥39.84 per share, from ¥610.4 million, or ¥8.65 per share.

For the year, the company's normalized net income totaled ¥76.05 per share, a decrease of 44.8% from ¥137.70 per share in the prior year.

Normalized net income was ¥5.37 billion, a fall of 44.7% from ¥9.72 billion in the prior year.

Full-year total revenue decreased year over year to ¥191.76 billion from ¥193.78 billion, and total operating expenses increased on an annual basis to ¥184.68 billion from ¥179.92 billion.

The company said reported net income decreased 16.5% on an annual basis to ¥8.44 billion, or ¥119.60 per share, in the full year, from ¥10.11 billion, or ¥143.22 per share.

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