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Plenus fiscal Q4 profit falls YOY

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Plenus fiscal Q4 profit falls YOY

Plenus Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was ¥35.68 per share, a decline of 7.4% from ¥38.54 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.37 billion, a decrease of 7.3% from ¥1.48 billion in the prior-year period.

The normalized profit margin declined to 3.6% from 3.9% in the year-earlier period.

Total revenue totaled ¥37.96 billion, compared with ¥37.72 billion in the prior-year period, and total operating expenses rose from the prior-year period to ¥35.92 billion from ¥35.49 billion.

Reported net income fell 7.7% year over year to ¥1.20 billion, or ¥31.07 per share, from ¥1.30 billion, or ¥33.72 per share.

For the year, the company's normalized net income totaled ¥126.28 per share, a decline of 11.2% from ¥142.18 per share in the prior year.

Normalized net income was ¥4.85 billion, a fall of 11.1% from ¥5.45 billion in the prior year.

Full-year total revenue increased on an annual basis to ¥152.59 billion from ¥151.07 billion, and total operating expenses increased on an annual basis to ¥145.88 billion from ¥143.12 billion.

The company said reported net income decreased 15.6% on an annual basis to ¥4.24 billion, or ¥110.38 per share, in the full year, from ¥5.02 billion, or ¥130.85 per share.

As of May 26, US$1 was equivalent to ¥123.07.