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IJT Technology Holdings fiscal Q4 profit falls YOY

IJT Technology Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥10.11 per share, a decline of 30.7% from ¥14.60 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥492.4 million, a decrease of 30.3% from ¥706.4 million in the year-earlier period.

The normalized profit margin dropped to 1.4% from 1.9% in the year-earlier period.

Total revenue fell year over year to ¥34.71 billion from ¥36.34 billion, and total operating expenses declined from the prior-year period to ¥34.08 billion from ¥35.27 billion.

Reported net income fell 26.3% year over year to ¥825.0 million, or ¥16.94 per share, from ¥1.12 billion, or ¥23.12 per share.

For the year, the company's normalized net income totaled ¥80.97 per share, an increase of 53.2% from ¥52.86 per share in the prior year.

Normalized net income was ¥3.94 billion, an increase from ¥1.69 billion in the prior year.

Full-year total revenue increased 50.5% year over year to ¥148.35 billion from ¥98.55 billion, and total operating expenses rose 50.1% year over year to ¥143.78 billion from ¥95.82 billion.

The company said reported net income declined 76.7% year over year to ¥4.00 billion, or ¥82.07 per share, in the full year, from ¥17.18 billion, or ¥538.10 per share.

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