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Oriental Land fiscal Q4 profit climbs 52.4% YOY

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Oriental Land fiscal Q4 profit climbs 52.4% YOY

Oriental Land Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥34.03 per share, an increase of 52.8% from ¥22.27 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥11.80 billion, an increase of 52.4% from ¥7.75 billion in the prior-year period.

The normalized profit margin increased to 10.3% from 7.2% in the year-earlier period.

Total revenue rose 6.4% year over year to ¥114.19 billion from ¥107.35 billion, and total operating expenses rose year over year to ¥94.95 billion from ¥93.94 billion.

Reported net income rose 47.9% on an annual basis to ¥11.28 billion, or ¥32.52 per share, from ¥7.63 billion, or ¥21.93 per share.

For the year, the company's normalized net income totaled ¥201.02 per share, compared to EPS of ¥202.50 in the prior year.

Normalized net income was ¥69.72 billion, compared with ¥70.42 billion in the prior year.

Full-year total revenue declined year over year to ¥466.29 billion from ¥473.57 billion, and total operating expenses totaled ¥355.69 billion, compared with ¥359.08 billion in the year-earlier period.

The company said reported net income grew on an annual basis to ¥72.35 billion, or ¥208.59 per share, in the full year, from ¥70.86 billion, or ¥203.75 per share.

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