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Tenmaya Store fiscal Q4 profit climbs 9.5% YOY

Tenmaya Store Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was ¥30.89 per share, an increase of 9.5% from ¥28.22 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥356.8 million, a gain of 9.5% from ¥325.9 million in the prior-year period.

The normalized profit margin climbed to 1.9% from 1.6% in the year-earlier period.

Total revenue decreased 5.3% on an annual basis to ¥18.94 billion from ¥20.00 billion, and total operating expenses decreased 5.7% year over year to ¥18.30 billion from ¥19.41 billion.

Reported net income decreased 61.0% on an annual basis to ¥83.0 million, or ¥7.19 per share, from ¥213.0 million, or ¥18.44 per share.

For the year, the company's normalized net income totaled ¥100.34 per share, an increase of 22.5% from ¥81.93 per share in the prior year.

Normalized net income was ¥1.16 billion, an increase of 22.5% from ¥946.3 million in the prior year.

Full-year total revenue decreased 5.1% from the prior-year period to ¥74.07 billion from ¥78.06 billion, and total operating expenses decreased 5.8% year over year to ¥71.88 billion from ¥76.32 billion.

The company said reported net income rose year over year to ¥381.0 million, or ¥32.99 per share, in the full year, from ¥161.0 million, or ¥13.94 per share.

As of May 22, US$1 was equivalent to ¥121.48.