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Riken fiscal Q4 profit climbs 34.9% YOY

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Riken fiscal Q4 profit climbs 34.9% YOY

Riken Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥133.37 per share, an increase of 34.7% from ¥99.03 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.31 billion, a gain of 34.9% from ¥973.4 million in the prior-year period.

The normalized profit margin increased to 7.0% from 4.7% in the year-earlier period.

Total revenue fell 9.4% on an annual basis to ¥18.70 billion from ¥20.65 billion, and total operating expenses fell 11.2% year over year to ¥17.08 billion from ¥19.22 billion.

Reported net income rose 13.8% year over year to ¥875.7 million, or ¥88.92 per share, from ¥769.7 million, or ¥78.31 per share.

For the year, the company's normalized net income totaled ¥414.39 per share, a decline from ¥422.14 per share in the prior year.

Normalized net income was ¥4.08 billion, a decrease from ¥4.15 billion in the prior year.

Full-year total revenue declined from the prior-year period to ¥72.49 billion from ¥74.93 billion, and total operating expenses decreased on an annual basis to ¥66.87 billion from ¥69.12 billion.

The company said reported net income declined 11.1% on an annual basis to ¥4.04 billion, or ¥410.90 per share, in the full year, from ¥4.54 billion, or ¥462.40 per share.

As of June 23, US$1 was equivalent to ¥123.88.