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Nikki fiscal Q4 profit falls YOY

Nikki Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥29.81 per share, a decrease of 19.9% from ¥37.21 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥55.9 million, a decline of 19.9% from ¥69.8 million in the prior-year period.

The normalized profit margin dropped to 2.0% from 2.6% in the year-earlier period.

Total revenue increased on an annual basis to ¥2.77 billion from ¥2.72 billion, and total operating expenses climbed 8.7% on an annual basis to ¥2.72 billion from ¥2.50 billion.

Reported net income declined 21.5% on an annual basis to ¥142.0 million, or ¥75.76 per share, from ¥181.0 million, or ¥96.55 per share.

For the year, the company's normalized net income totaled ¥285.74 per share, a gain of 49.0% from ¥191.76 per share in the prior year.

Normalized net income was ¥535.6 million, an increase of 49.0% from ¥359.5 million in the prior year.

Full-year total revenue rose 6.1% from the prior-year period to ¥10.30 billion from ¥9.71 billion, and total operating expenses increased 6.3% year over year to ¥9.70 billion from ¥9.13 billion.

The company said reported net income grew 19.1% on an annual basis to ¥629.0 million, or ¥335.55 per share, in the full year, from ¥528.0 million, or ¥281.63 per share.

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