trending Market Intelligence /marketintelligence/en/news-insights/trending/_qJfieg66kKJcms59XkUNQ2 content esgSubNav
In This List

Nippon Piston Ring fiscal Q4 profit climbs YOY

Blog

Insight Weekly: Labor market recovery hurdles; power market integration; nonbank M&A hunt

Blog

Investment Banking Essentials Newsletter: October Edition

Blog

Banking Essentials Newsletter: October Edition

Blog

ESG & Technology: Impacts and Implications


Nippon Piston Ring fiscal Q4 profit climbs YOY

Nippon Piston Ring Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥24.30 per share, a gain from ¥1.24 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥200.3 million, an increase from ¥10.3 million in the year-earlier period.

The normalized profit margin climbed to 1.5% from 0.1% in the year-earlier period.

Total revenue rose 9.0% year over year to ¥13.55 billion from ¥12.43 billion, and total operating expenses increased 7.2% on an annual basis to ¥13.22 billion from ¥12.33 billion.

Reported net income declined 75.4% year over year to ¥76.0 million, or ¥9.22 per share, from ¥308.8 million, or ¥37.50 per share.

For the year, the company's normalized net income totaled ¥166.05 per share, an increase of 23.4% from ¥134.56 per share in the prior year.

Normalized net income was ¥1.37 billion, a gain of 23.5% from ¥1.11 billion in the prior year.

Full-year total revenue rose year over year to ¥51.66 billion from ¥50.43 billion, and total operating expenses grew year over year to ¥49.71 billion from ¥48.67 billion.

The company said reported net income rose 60.8% year over year to ¥2.17 billion, or ¥263.70 per share, in the full year, from ¥1.35 billion, or ¥164.20 per share.

As of June 25, US$1 was equivalent to ¥123.71.