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Omikenshi swings to profit in fiscal Q4

Omikenshi Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 74 Japanese sen per share, compared with a loss of 31 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥48.9 million, compared with a loss of ¥20.5 million in the year-earlier period.

The normalized profit margin rose to 1.3% from negative 0.6% in the year-earlier period.

Total revenue increased 5.2% on an annual basis to ¥3.89 billion from ¥3.69 billion, and total operating expenses rose from the prior-year period to ¥3.73 billion from ¥3.67 billion.

Reported net income totaled a loss of ¥707.0 million, or a loss of ¥10.72 per share, compared to a loss of ¥186.0 million, or a loss of ¥2.82 per share, in the year-earlier period.

For the year, the company's normalized net income totaled 80 sen per share, an increase from 32 sen per share in the prior year.

Normalized net income was ¥52.6 million, a rise from ¥20.9 million in the prior year.

Full-year total revenue grew on an annual basis to ¥15.16 billion from ¥14.69 billion, and total operating expenses grew on an annual basis to ¥14.77 billion from ¥14.41 billion.

The company said reported net income came to a loss of ¥779.0 million, or a loss of ¥11.81 per share, in the full year, compared with income of ¥12.0 million, or 18 sen per share, the prior year.

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