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Resol Holdings fiscal Q4 profit climbs YOY

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Resol Holdings fiscal Q4 profit climbs YOY

Resol Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥40.68 per share, a gain from ¥14.08 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥226.0 million, a gain from ¥78.3 million in the year-earlier period.

The normalized profit margin rose to 4.2% from 1.6% in the year-earlier period.

Total revenue rose 9.7% year over year to ¥5.44 billion from ¥4.96 billion, and total operating expenses climbed 4.9% on an annual basis to ¥5.05 billion from ¥4.81 billion.

Reported net income came to ¥219.0 million, or ¥39.42 per share, compared to a loss of ¥39.0 million, or a loss of ¥7.02 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥78.75 per share, an increase of 95.8% from ¥40.23 per share in the prior year.

Normalized net income was ¥437.5 million, a gain of 95.7% from ¥223.5 million in the prior year.

Full-year total revenue increased from the prior-year period to ¥19.72 billion from ¥19.24 billion, and total operating expenses totaled ¥18.91 billion, compared with ¥18.74 billion in the prior-year period.

The company said reported net income increased on an annual basis to ¥803.0 million, or ¥144.54 per share, in the full year, from ¥200.0 million, or ¥36.00 per share.

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