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Sanrio fiscal Q4 profit falls YOY

4916034 said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥25.77 per share, a decrease of 19.6% from ¥32.04 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.25 billion, a decline of 20.5% from ¥2.82 billion in the prior-year period.

The normalized profit margin dropped to 11.9% from 14.3% in the year-earlier period.

Total revenue declined on an annual basis to ¥18.82 billion from ¥19.72 billion, and total operating expenses came to ¥15.33 billion, compared with ¥15.43 billion in the prior-year period.

Reported net income totaled ¥2.65 billion, or ¥30.39 per share, compared to ¥2.66 billion, or ¥30.15 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥132.06 per share, a fall of 7.4% from ¥142.67 per share in the prior year.

Normalized net income was ¥11.54 billion, a fall of 8.3% from ¥12.58 billion in the prior year.

Full-year total revenue declined from the prior-year period to ¥74.56 billion from ¥77.01 billion, and total operating expenses grew on an annual basis to ¥57.09 billion from ¥55.99 billion.

The company said reported net income totaled ¥12.80 billion, or ¥146.53 per share, in the full year, compared with ¥12.80 billion, or ¥145.20 per share, the prior year.

s of June 26, US$1 was equivalent to ¥123.96.Sanrio Co. Ltd.

4916034 said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥25.77 per share, a decrease of 19.6% from ¥32.04 per share in the prior-year period.