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Kaihan posts fiscal Q4 profit

Kaihan Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥60.6 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 4.6%.

Total revenue came to ¥1.32 billion, and total operating expenses totaled ¥1.27 billion.

Reported net income totaled ¥55.0 million, or ¥18.54 per share.

For the year, the company's normalized net income totaled ¥57.94 per share, a gain of 69.7% from ¥34.14 per share in the prior year.

Normalized net income was ¥171.9 million, a gain of 73.0% from ¥99.4 million in the prior year.

Full-year total revenue rose 18.7% on an annual basis to ¥4.98 billion from ¥4.20 billion, and total operating expenses increased 16.6% year over year to ¥4.75 billion from ¥4.07 billion.

The company said reported net income rose 59.8% on an annual basis to ¥163.0 million, or ¥54.95 per share, in the full year, from ¥102.0 million, or ¥35.04 per share.

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