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Hakuyosha Q4 profit climbs 68.8% YOY

Hakuyosha Co. Ltd. said its normalized net income for the fourth quarter amounted to ¥55.92 per share, an increase of 68.8% from ¥33.13 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥214.1 million, an increase of 68.8% from ¥126.9 million in the year-earlier period.

The normalized profit margin climbed to 1.8% from 1.1% in the year-earlier period.

Total revenue rose year over year to ¥12.17 billion from ¥11.83 billion, and total operating expenses grew from the prior-year period to ¥11.84 billion from ¥11.70 billion.

Reported net income increased on an annual basis to ¥239.0 million, or ¥62.41 per share, from ¥52.0 million, or ¥13.58 per share.

For the year, the company's normalized net income totaled ¥226.13 per share, a gain of 24.9% from ¥180.99 per share in the prior year.

Normalized net income was ¥866.0 million, a rise of 24.9% from ¥693.3 million in the prior year.

Full-year total revenue rose from the prior-year period to ¥47.77 billion from ¥46.56 billion, and total operating expenses increased on an annual basis to ¥46.41 billion from ¥45.56 billion.

The company said reported net income increased 45.3% on an annual basis to ¥735.0 million, or ¥191.92 per share, in the full year, from ¥506.0 million, or ¥132.10 per share.

As of March 28, US$1 was equivalent to ¥113.26.