Murata Manufacturing Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥168.40 per share, an increase of 115.6% from ¥78.10 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥35.65 billion, a gain of 115.8% from ¥16.52 billion in the prior-year period.
The normalized profit margin climbed to 13.4% from 8.4% in the year-earlier period.
Total revenue climbed 34.4% year over year to ¥265.83 billion from ¥197.75 billion, and total operating expenses rose 20.1% from the prior-year period to ¥212.40 billion from ¥176.79 billion.
Reported net income increased 96.9% from the prior-year period to ¥36.51 billion, or ¥172.43 per share, from ¥18.54 billion, or ¥87.66 per share.
For the year, the company's normalized net income totaled ¥705.72 per share, compared to EPS of ¥390.83 in the prior year.
Normalized net income was ¥149.41 billion, a rise from ¥82.66 billion in the prior year.
Full-year total revenue increased from the prior-year period to ¥1.044 trillion from ¥846.72 billion, and total operating expenses increased on an annual basis to ¥829.01 billion from ¥720.83 billion.
The company said reported net income increased year over year to ¥167.71 billion, or ¥792.19 per share, in the full year, from ¥93.19 billion, or ¥440.63 per share.
As of June 26, US$1 was equivalent to ¥123.96.