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Hard Off fiscal Q4 profit falls YOY

4914184 said its normalized net income for the fiscal fourth quarter ended March 31 was ¥21.51 per share, a decrease of 5.9% from ¥22.85 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥290.0 million, a decrease of 5.9% from ¥308.1 million in the year-earlier period.

The normalized profit margin fell to 6.6% from 7.2% in the year-earlier period.

Total revenue climbed year over year to ¥4.42 billion from ¥4.28 billion, and total operating expenses increased from the prior-year period to ¥3.97 billion from ¥3.84 billion.

Reported net income rose year over year to ¥477.0 million, or ¥35.37 per share, from ¥236.0 million, or ¥17.50 per share.

For the year, the company's normalized net income totaled ¥82.13 per share, a gain from ¥78.74 per share in the prior year.

Normalized net income was ¥1.11 billion, a rise from ¥1.06 billion in the prior year.

Full-year total revenue increased 18.4% from the prior-year period to ¥16.82 billion from ¥14.21 billion, and total operating expenses increased 20.1% on an annual basis to ¥15.23 billion from ¥12.68 billion.

The company said reported net income increased 9.7% on an annual basis to ¥1.32 billion, or ¥97.74 per share, in the full year, from ¥1.20 billion, or ¥89.14 per share.

s of June 23, US$1 was equivalent to ¥123.88.Hard Off Corp. Co. Ltd.

4914184 said its normalized net income for the fiscal fourth quarter ended March 31 was ¥21.51 per share, a decrease of 5.9% from ¥22.85 per share in the year-earlier period.