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Fruta Fruta posts fiscal Q4 profit

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Fruta Fruta posts fiscal Q4 profit

Fruta Fruta Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥58.1 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 8.3%.

Total revenue totaled ¥698.0 million, and total operating expenses came to ¥651.0 million.

Reported net income came to ¥53.0 million, or ¥49.42 per share.

For the year, the company's normalized net income totaled ¥113.65 per share, a decline of 64.5% from ¥320.03 per share in the prior year.

Normalized net income was ¥113.1 million, a fall of 23.9% from ¥148.8 million in the prior year.

Full-year total revenue rose 16.4% year over year to ¥3.34 billion from ¥2.87 billion, and total operating expenses grew 23.3% year over year to ¥3.24 billion from ¥2.63 billion.

The company said reported net income increased 31.4% on an annual basis to ¥201.0 million, or ¥201.94 per share, in the full year, from ¥153.0 million, or ¥329.17 per share.

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