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Sanko Marketing Foods fiscal Q4 profit climbs YOY

Sanko Marketing Foods Co. Ltd. said its normalized net income for the fiscal fourth quarter ended June 30 was ¥2.65 per share, a gain from 26 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥38.1 million, an increase from ¥3.8 million in the prior-year period.

The normalized profit margin rose to 1.1% from 0.1% in the year-earlier period.

Total revenue fell year over year to ¥3.44 billion from ¥3.56 billion, and total operating expenses fell on an annual basis to ¥3.39 billion from ¥3.55 billion.

Reported net income came to ¥72.0 million, or ¥5.00 per share, compared to a loss of ¥239.0 million, or a loss of ¥16.61 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥14.08 per share, an increase from 56 sen per share in the prior year.

Normalized net income was ¥202.5 million, an increase from ¥8.1 million in the prior year.

Full-year total revenue decreased 5.2% from the prior-year period to ¥13.74 billion from ¥14.49 billion, and total operating expenses decreased 7.6% year over year to ¥13.47 billion from ¥14.58 billion.

The company said reported net income came to ¥294.0 million, or ¥20.44 per share, in the full year, compared with a loss of ¥659.0 million, or a loss of ¥45.81 per share, the prior year.

As of Sept. 23, US$1 was equivalent to ¥100.94.