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Nojima fiscal Q4 profit falls YOY

Nojima Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥24.55 per share, a decline of 23.6% from ¥32.12 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.29 billion, a decline of 15.4% from ¥1.53 billion in the year-earlier period.

The normalized profit margin dropped to 1.5% from 2.4% in the year-earlier period.

Total revenue grew 33.4% year over year to ¥85.56 billion from ¥64.14 billion, and total operating expenses grew 33.3% on an annual basis to ¥82.61 billion from ¥61.99 billion.

Reported net income decreased 27.0% from the prior-year period to ¥1.04 billion, or ¥19.81 per share, from ¥1.43 billion, or ¥30.02 per share.

For the year, the company's normalized net income totaled ¥85.56 per share, a decline of 25.7% from ¥115.09 per share in the prior year.

Normalized net income was ¥4.20 billion, a decline of 12.0% from ¥4.77 billion in the prior year.

Full-year total revenue grew 11.8% from the prior-year period to ¥244.07 billion from ¥218.40 billion, and total operating expenses rose 11.9% year over year to ¥237.59 billion from ¥212.30 billion.

The company said reported net income fell 18.6% year over year to ¥3.58 billion, or ¥72.95 per share, in the full year, from ¥4.39 billion, or ¥106.03 per share.

As of June 19, US$1 was equivalent to ¥122.78.