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Global Food Creators fiscal Q4 profit climbs 10.0% YOY

Global Food Creators Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥2.39 per share, a gain of 10.5% from ¥2.17 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥13.8 million, an increase of 10.0% from ¥12.5 million in the year-earlier period.

The normalized profit margin rose to 0.3% from 0.3% in the year-earlier period.

Total revenue increased on an annual basis to ¥4.79 billion from ¥4.70 billion, and total operating expenses climbed from the prior-year period to ¥4.78 billion from ¥4.70 billion.

Reported net income totaled a loss of ¥1.0 million, or a loss of 17 sen per share, compared to income of ¥15.0 million, or ¥2.60 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥77.00 per share, a decrease from ¥79.41 per share in the prior year.

Normalized net income was ¥443.8 million, a decrease from ¥458.1 million in the prior year.

Full-year total revenue amounted to ¥24.93 billion, compared with ¥25.08 billion in the prior year, and total operating expenses totaled ¥24.27 billion, compared with ¥24.39 billion in the year-earlier period.

The company said reported net income fell year over year to ¥440.0 million, or ¥76.35 per share, in the full year, from ¥454.0 million, or ¥78.70 per share.

As of June 26, US$1 was equivalent to ¥123.96.