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Meiji Holdings fiscal Q4 profit climbs 48.4% YOY

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Meiji Holdings fiscal Q4 profit climbs 48.4% YOY

Meiji Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥34.75 per share, an increase of 48.5% from ¥23.41 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.12 billion, an increase of 48.4% from ¥3.45 billion in the prior-year period.

The normalized profit margin climbed to 1.8% from 1.2% in the year-earlier period.

Total revenue climbed year over year to ¥292.36 billion from ¥285.64 billion, and total operating expenses grew year over year to ¥283.76 billion from ¥280.84 billion.

Reported net income rose 4,472.4% year over year to ¥1.33 billion, or ¥9.01 per share, from ¥29.0 million, or 20 sen per share.

For the year, the company's normalized net income totaled ¥223.48 per share, compared to EPS of ¥166.31 in the prior year.

Normalized net income was ¥32.91 billion, a gain from ¥24.50 billion in the prior year.

Full-year total revenue grew on an annual basis to ¥1.161 trillion from ¥1.148 trillion, and total operating expenses came to ¥1.110 trillion, compared with ¥1.112 trillion in the year-earlier period.

The company said reported net income increased on an annual basis to ¥30.89 billion, or ¥209.79 per share, in the full year, from ¥19.06 billion, or ¥129.40 per share.

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