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Ootoya Holdings fiscal Q4 profit falls YOY

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Ootoya Holdings fiscal Q4 profit falls YOY

Ootoya Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥14.77 per share, a decline of 31.2% from ¥21.48 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥106.5 million, a decrease of 31.0% from ¥154.4 million in the prior-year period.

The normalized profit margin dropped to 1.7% from 2.5% in the year-earlier period.

Total revenue rose year over year to ¥6.24 billion from ¥6.10 billion, and total operating expenses climbed from the prior-year period to ¥6.08 billion from ¥5.86 billion.

Reported net income declined 54.4% from the prior-year period to ¥84.3 million, or ¥11.69 per share, from ¥184.7 million, or ¥25.70 per share.

For the year, the company's normalized net income totaled ¥52.75 per share, a fall of 19.6% from ¥65.57 per share in the prior year.

Normalized net income was ¥379.5 million, a fall of 19.4% from ¥471.1 million in the prior year.

Full-year total revenue increased 6.1% year over year to ¥24.64 billion from ¥23.22 billion, and total operating expenses increased 7.1% on an annual basis to ¥24.07 billion from ¥22.46 billion.

The company said reported net income increased 36.6% year over year to ¥273.2 million, or ¥37.97 per share, in the full year, from ¥200.0 million, or ¥27.84 per share.

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