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Bic Camera fiscal Q4 profit climbs YOY

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Bic Camera fiscal Q4 profit climbs YOY

Bic Camera Inc. said its normalized net income for the fiscal fourth quarter ended Aug. 31 came to ¥33.11 per share, a gain from ¥13.45 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.86 billion, an increase from ¥2.31 billion in the year-earlier period.

The normalized profit margin increased to 2.9% from 1.2% in the year-earlier period.

Total revenue rose year over year to ¥199.42 billion from ¥193.99 billion, and total operating expenses increased from the prior-year period to ¥194.49 billion from ¥191.40 billion.

Reported net income came to a loss of ¥722.0 million, or a loss of ¥4.07 per share, compared to a loss of ¥721.0 million, or a loss of ¥4.19 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥80.06 per share, a gain of 5.1% from ¥76.16 per share in the prior year.

Normalized net income was ¥15.01 billion, a rise of 12.9% from ¥13.30 billion in the prior year.

Full-year total revenue fell from the prior-year period to ¥795.37 billion from ¥829.83 billion, and total operating expenses fell on an annual basis to ¥776.57 billion from ¥810.77 billion.

The company said reported net income fell 31.0% on an annual basis to ¥6.80 billion, or ¥36.25 per share, in the full year, from ¥9.85 billion, or ¥56.40 per share.

As of Nov. 26, US$1 was equivalent to ¥122.54.