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Geo Holdings fiscal Q4 profit climbs YOY

Geo Holdings Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥33.53 per share, an increase from ¥8.00 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.76 billion, an increase from ¥431.9 million in the year-earlier period.

The normalized profit margin rose to 2.5% from 0.6% in the year-earlier period.

Total revenue rose on an annual basis to ¥69.13 billion from ¥67.90 billion, and total operating expenses decreased on an annual basis to ¥66.41 billion from ¥67.13 billion.

Reported net income totaled ¥2.19 billion, or ¥41.58 per share, compared to a loss of ¥431.0 million, or a loss of ¥8.00 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥117.62 per share, a gain of 7.6% from ¥109.30 per share in the prior year.

Normalized net income was ¥6.27 billion, a gain of 6.1% from ¥5.91 billion in the prior year.

Full-year total revenue increased year over year to ¥270.31 billion from ¥262.32 billion, and total operating expenses increased on an annual basis to ¥260.98 billion from ¥253.12 billion.

The company said reported net income rose 92.6% on an annual basis to ¥7.34 billion, or ¥137.68 per share, in the full year, from ¥3.81 billion, or ¥70.45 per share.

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