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Lobtex fiscal Q4 profit climbs 20.1% YOY

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Lobtex fiscal Q4 profit climbs 20.1% YOY

Lobtex Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥135.64 per share, an increase of 20.1% from ¥112.95 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥127.6 million, a gain of 20.1% from ¥106.3 million in the prior-year period.

The normalized profit margin increased to 7.8% from 6.5% in the year-earlier period.

Total revenue increased on an annual basis to ¥1.64 billion from ¥1.63 billion, and total operating expenses came to ¥1.41 billion, compared with ¥1.42 billion in the prior-year period.

Reported net income increased 12.0% on an annual basis to ¥131.0 million, or ¥139.23 per share, from ¥117.0 million, or ¥124.38 per share.

For the year, the company's normalized net income totaled ¥319.64 per share, a gain from ¥310.71 per share in the prior year.

Normalized net income was ¥300.8 million, a gain from ¥292.4 million in the prior year.

Full-year total revenue totaled ¥5.57 billion, compared with ¥5.58 billion in the prior year, and total operating expenses came to ¥4.99 billion, compared with ¥5.00 billion in the prior-year period.

The company said reported net income increased 5.5% on an annual basis to ¥306.0 million, or ¥325.22 per share, in the full year, from ¥290.0 million, or ¥308.18 per share.

As of June 25, US$1 was equivalent to ¥123.71.