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Ichishin Holdings fiscal Q4 profit climbs 16.6% YOY

Ichishin Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 29 amounted to ¥48.38 per share, an increase of 12.2% from ¥43.10 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥518.8 million, a gain of 16.6% from ¥445.0 million in the year-earlier period.

The normalized profit margin increased to 10.7% from 9.1% in the year-earlier period.

Total revenue totaled ¥4.86 billion, compared with ¥4.89 billion in the year-earlier period, and total operating expenses decreased from the prior-year period to ¥4.04 billion from ¥4.17 billion.

Reported net income totaled ¥566.9 million, or ¥52.86 per share, compared to a loss of ¥306.0 million, or a loss of ¥29.64 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥37.28 per share, an increase from ¥17.67 per share in the prior year.

Normalized net income was ¥388.8 million, a rise from ¥176.3 million in the prior year.

Full-year total revenue declined on an annual basis to ¥16.32 billion from ¥16.77 billion, and total operating expenses fell year over year to ¥15.67 billion from ¥16.46 billion.

The company said reported net income came to ¥242.9 million, or ¥23.29 per share, in the full year, compared with a loss of ¥1.05 billion, or a loss of ¥105.57 per share, the prior year.

As of May 27, US$1 was equivalent to ¥109.87.