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Adastria fiscal Q4 profit climbs YOY

Adastria Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 29 was ¥17.48 per share, an increase from ¥6.73 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥841.9 million, a gain from ¥326.9 million in the prior-year period.

The normalized profit margin climbed to 1.6% from 0.6% in the year-earlier period.

Total revenue grew on an annual basis to ¥53.22 billion from ¥50.88 billion, and total operating expenses rose year over year to ¥51.57 billion from ¥50.52 billion.

Reported net income totaled ¥1.16 billion, or ¥24.05 per share, compared to a loss of ¥707.3 million, or a loss of ¥14.56 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥206.62 per share, an increase from ¥85.00 per share in the prior year.

Normalized net income was ¥10.01 billion, a gain from ¥4.13 billion in the prior year.

Full-year total revenue increased 8.4% year over year to ¥200.04 billion from ¥184.59 billion, and total operating expenses rose year over year to ¥184.03 billion from ¥178.61 billion.

The company said reported net income increased year over year to ¥9.12 billion, or ¥188.30 per share, in the full year, from ¥503.0 million, or ¥10.36 per share.

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