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Sankyo fiscal Q4 profit climbs YOY

Sankyo Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥23.52 per share, an increase from ¥1.39 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.10 billion, a gain from ¥129.8 million in the prior-year period.

The normalized profit margin rose to 6.3% from 0.5% in the year-earlier period.

Total revenue grew 32.9% year over year to ¥33.07 billion from ¥24.88 billion, and total operating expenses grew 21.4% year over year to ¥30.75 billion from ¥25.32 billion.

Reported net income totaled ¥1.73 billion, or ¥19.42 per share, compared to a loss of ¥529.0 million, or a loss of ¥5.66 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥101.62 per share, a fall of 49.3% from ¥200.45 per share in the prior year.

Normalized net income was ¥9.40 billion, a decrease of 49.8% from ¥18.74 billion in the prior year.

Full-year total revenue decreased 7.5% from the prior-year period to ¥146.58 billion from ¥158.45 billion, and total operating expenses increased year over year to ¥133.34 billion from ¥130.43 billion.

The company said reported net income declined 61.0% year over year to ¥8.73 billion, or ¥94.39 per share, in the full year, from ¥22.40 billion, or ¥239.64 per share.

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