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Haruyama Holdings fiscal Q4 profit falls YOY

Haruyama Holdings Inc. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥92.68 per share, a decrease of 10.0% from ¥103.01 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.53 billion, a decrease of 8.6% from ¥1.68 billion in the year-earlier period.

The normalized profit margin dropped to 8.8% from 9.5% in the year-earlier period.

Total revenue fell year over year to ¥17.35 billion from ¥17.74 billion, and total operating expenses came to ¥14.96 billion, compared with ¥15.04 billion in the prior-year period.

Reported net income fell from the prior-year period to ¥1.03 billion, or ¥62.27 per share, from ¥1.08 billion, or ¥66.26 per share.

For the year, the company's normalized net income totaled ¥67.10 per share, a decrease of 51.2% from ¥137.36 per share in the prior year.

Normalized net income was ¥1.09 billion, a decrease of 51.0% from ¥2.24 billion in the prior year.

Full-year total revenue declined 5.8% from the prior-year period to ¥50.40 billion from ¥53.49 billion, and total operating expenses decreased on an annual basis to ¥48.85 billion from ¥49.99 billion.

The company said reported net income decreased 72.8% on an annual basis to ¥363.3 million, or ¥22.26 per share, in the full year, from ¥1.33 billion, or ¥81.88 per share.

As of June 29, US$1 was equivalent to ¥122.67.