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Como Co. profit holds steady YOY in fiscal Q4

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Como Co. profit holds steady YOY in fiscal Q4

Como Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥9.88 per share, an increase from ¥9.49 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥34.4 million, compared with ¥34.4 million in the prior-year period.

The normalized profit margin dropped to 2.4% from 2.5% in the year-earlier period.

Total revenue increased on an annual basis to ¥1.42 billion from ¥1.40 billion, and total operating expenses rose on an annual basis to ¥1.36 billion from ¥1.34 billion.

Reported net income fell 18.6% from the prior-year period to ¥35.0 million, or ¥10.06 per share, from ¥43.0 million, or ¥11.87 per share.

For the year, the company's normalized net income totaled ¥25.05 per share, a gain of 21.0% from ¥20.70 per share in the prior year.

Normalized net income was ¥88.8 million, a rise of 18.3% from ¥75.0 million in the prior year.

Full-year total revenue amounted to ¥5.51 billion, compared with ¥5.48 billion in the prior year, and total operating expenses came to ¥5.35 billion, compared with ¥5.34 billion in the prior-year period.

The company said reported net income grew 11.1% on an annual basis to ¥80.0 million, or ¥22.58 per share, in the full year, from ¥72.0 million, or ¥19.87 per share.

As of June 29, US$1 was equivalent to ¥122.67.