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Ahjikan fiscal Q4 profit climbs YOY

Ahjikan Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥17.66 per share, an increase from ¥7.64 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥134.4 million, a gain from ¥58.1 million in the year-earlier period.

The normalized profit margin increased to 1.4% from 0.7% in the year-earlier period.

Total revenue climbed 7.1% year over year to ¥9.49 billion from ¥8.86 billion, and total operating expenses climbed 6.3% from the prior-year period to ¥9.37 billion from ¥8.81 billion.

Reported net income increased from the prior-year period to ¥56.0 million, or ¥7.36 per share, from ¥11.0 million, or ¥1.45 per share.

For the year, the company's normalized net income totaled ¥29.73 per share, an increase of 91.5% from ¥15.52 per share in the prior year.

Normalized net income was ¥226.3 million, a gain of 91.5% from ¥118.1 million in the prior year.

Full-year total revenue rose from the prior-year period to ¥37.27 billion from ¥35.71 billion, and total operating expenses grew on an annual basis to ¥37.11 billion from ¥35.60 billion.

The company said reported net income grew year over year to ¥250.0 million, or ¥32.85 per share, in the full year, from ¥79.0 million, or ¥10.38 per share.

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