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Maruzen CHI fiscal Q4 profit climbs YOY

Maruzen CHI Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to ¥3.45 per share, a gain from ¥1.15 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥319.6 million, an increase from ¥106.0 million in the year-earlier period.

The normalized profit margin climbed to 0.7% from 0.3% in the year-earlier period.

Total revenue grew year over year to ¥43.00 billion from ¥41.44 billion, and total operating expenses increased year over year to ¥42.55 billion from ¥41.15 billion.

Reported net income totaled ¥106.0 million, or ¥1.15 per share, compared to a loss of ¥18.0 million, or a loss of 19 sen per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥14.15 per share, an increase of 20.6% from ¥11.73 per share in the prior year.

Normalized net income was ¥1.31 billion, an increase of 20.6% from ¥1.09 billion in the prior year.

Full-year total revenue increased year over year to ¥175.14 billion from ¥168.81 billion, and total operating expenses rose year over year to ¥172.93 billion from ¥166.79 billion.

The company said reported net income grew 21.3% year over year to ¥1.02 billion, or ¥11.08 per share, in the full year, from ¥845.0 million, or ¥9.13 per share.

As of April 28, US$1 was equivalent to ¥108.57.