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Ohashi Technica profit holds mostly steady YOY in fiscal Q4

Ohashi Technica Inc. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥41.82 per share, an increase of 5.2% from ¥39.74 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥637.3 million, compared with ¥634.4 million in the year-earlier period.

The normalized profit margin increased to 6.5% from 6.4% in the year-earlier period.

Total revenue totaled ¥9.85 billion, compared with ¥9.87 billion in the year-earlier period, and total operating expenses came to ¥8.92 billion, compared with ¥8.90 billion in the prior-year period.

Reported net income fell year over year to ¥623.4 million, or ¥40.91 per share, from ¥636.6 million, or ¥39.88 per share.

For the year, the company's normalized net income totaled ¥167.05 per share, an increase of 15.1% from ¥145.12 per share in the prior year.

Normalized net income was ¥2.56 billion, a gain of 11.1% from ¥2.31 billion in the prior year.

Full-year total revenue increased year over year to ¥39.85 billion from ¥39.16 billion, and total operating expenses came to ¥35.86 billion, compared with ¥35.54 billion in the year-earlier period.

The company said reported net income grew 18.3% on an annual basis to ¥2.71 billion, or ¥176.82 per share, in the full year, from ¥2.29 billion, or ¥144.29 per share.

As of June 24, US$1 was equivalent to ¥124.31.