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Mikuni fiscal Q4 profit climbs 33.4% YOY

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Mikuni fiscal Q4 profit climbs 33.4% YOY

Mikuni Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥21.80 per share, a gain of 33.5% from ¥16.33 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥738.4 million, a gain of 33.4% from ¥553.4 million in the year-earlier period.

The normalized profit margin rose to 2.7% from 2.2% in the year-earlier period.

Total revenue grew 7.9% year over year to ¥27.55 billion from ¥25.54 billion, and total operating expenses climbed 6.5% year over year to ¥26.09 billion from ¥24.51 billion.

Reported net income grew 64.7% on an annual basis to ¥995.0 million, or ¥29.38 per share, from ¥604.0 million, or ¥17.83 per share.

For the year, the company's normalized net income totaled ¥75.58 per share, a gain from ¥74.68 per share in the prior year.

Normalized net income was ¥2.56 billion, a gain from ¥2.53 billion in the prior year.

Full-year total revenue rose on an annual basis to ¥98.52 billion from ¥96.46 billion, and total operating expenses grew year over year to ¥93.60 billion from ¥92.13 billion.

The company said reported net income rose 9.4% on an annual basis to ¥2.99 billion, or ¥88.39 per share, in the full year, from ¥2.74 billion, or ¥80.75 per share.

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