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Pigeon Corp. fiscal Q4 profit climbs 65.5% YOY

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Pigeon Corp. fiscal Q4 profit climbs 65.5% YOY

Pigeon Corp. said its normalized net income for the fiscal fourth quarter ended Jan. 31 amounted to ¥16.99 per share, a gain of 65.9% from ¥10.24 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.04 billion, an increase of 65.5% from ¥1.23 billion in the prior-year period.

The normalized profit margin climbed to 8.9% from 6.2% in the year-earlier period.

Total revenue climbed 15.2% on an annual basis to ¥22.95 billion from ¥19.93 billion, and total operating expenses increased 10.6% on an annual basis to ¥19.88 billion from ¥17.98 billion.

Reported net income grew 54.0% year over year to ¥2.07 billion, or ¥17.32 per share, from ¥1.35 billion, or ¥11.22 per share.

For the year, the company's normalized net income totaled ¥67.83 per share, a gain of 22.3% from ¥55.45 per share in the prior year.

Normalized net income was ¥8.13 billion, an increase of 22.0% from ¥6.66 billion in the prior year.

Full-year total revenue rose 8.6% year over year to ¥84.11 billion from ¥77.47 billion, and total operating expenses rose 6.3% on an annual basis to ¥71.33 billion from ¥67.10 billion.

The company said reported net income grew 21.0% year over year to ¥8.45 billion, or ¥70.54 per share, in the full year, from ¥6.99 billion, or ¥58.17 per share.

As of April 30, US$1 was equivalent to ¥119.69.