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Artnature fiscal Q4 profit climbs 17.6% YOY

Artnature Inc. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥28.85 per share, an increase of 17.5% from ¥24.55 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥957.8 million, an increase of 17.6% from ¥814.6 million in the year-earlier period.

The normalized profit margin rose to 8.4% from 7.3% in the year-earlier period.

Total revenue climbed year over year to ¥11.39 billion from ¥11.14 billion, and total operating expenses came to ¥9.91 billion, compared with ¥9.85 billion in the year-earlier period.

Reported net income declined 14.8% on an annual basis to ¥633.8 million, or ¥19.09 per share, from ¥743.7 million, or ¥22.42 per share.

For the year, the company's normalized net income totaled ¥79.15 per share, a decrease of 24.0% from ¥104.16 per share in the prior year.

Normalized net income was ¥2.63 billion, a decrease of 21.9% from ¥3.37 billion in the prior year.

Full-year total revenue grew on an annual basis to ¥41.28 billion from ¥40.02 billion, and total operating expenses increased 7.5% on an annual basis to ¥37.24 billion from ¥34.63 billion.

The company said reported net income fell 28.1% on an annual basis to ¥2.25 billion, or ¥67.84 per share, in the full year, from ¥3.13 billion, or ¥96.92 per share.

As of June 25, US$1 was equivalent to ¥123.71.