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Maxvalu Nishinihon fiscal Q4 profit climbs 26.9% YOY

Maxvalu Nishinihon Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was ¥72.20 per share, an increase of 26.9% from ¥56.92 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.90 billion, an increase of 26.9% from ¥1.49 billion in the year-earlier period.

The normalized profit margin increased to 2.8% from 2.2% in the year-earlier period.

Total revenue totaled ¥67.97 billion, compared with ¥67.66 billion in the prior-year period, and total operating expenses came to ¥65.10 billion, compared with ¥65.37 billion in the prior-year period.

Reported net income grew 19.1% from the prior-year period to ¥1.61 billion, or ¥61.42 per share, from ¥1.35 billion, or ¥51.61 per share.

For the year, the company's normalized net income totaled ¥117.18 per share, a gain of 11.3% from ¥105.33 per share in the prior year.

Normalized net income was ¥3.08 billion, an increase of 11.3% from ¥2.77 billion in the prior year.

Full-year total revenue increased from the prior-year period to ¥269.75 billion from ¥265.19 billion, and total operating expenses grew year over year to ¥265.52 billion from ¥261.08 billion.

The company said reported net income declined year over year to ¥1.64 billion, or ¥62.50 per share, in the full year, from ¥1.67 billion, or ¥63.80 per share.

As of May 22, US$1 was equivalent to ¥121.48.