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Eco's Co. fiscal Q4 profit climbs 50.9% YOY

4912985 said its normalized net income for the fiscal fourth quarter ended Feb. 28 was ¥53.82 per share, an increase of 38.0% from ¥39.00 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥559.4 million, a gain of 50.9% from ¥370.6 million in the prior-year period.

The normalized profit margin climbed to 1.9% from 1.3% in the year-earlier period.

Total revenue climbed year over year to ¥29.23 billion from ¥28.07 billion, and total operating expenses climbed year over year to ¥28.31 billion from ¥27.44 billion.

Reported net income declined 57.4% on an annual basis to ¥60.8 million, or ¥5.85 per share, from ¥142.8 million, or ¥15.03 per share.

For the year, the company's normalized net income totaled ¥144.45 per share, an increase of 54.6% from ¥93.45 per share in the prior year.

Normalized net income was ¥1.43 billion, a gain of 55.6% from ¥915.6 million in the prior year.

Full-year total revenue increased on an annual basis to ¥114.17 billion from ¥109.68 billion, and total operating expenses grew year over year to ¥111.78 billion from ¥108.05 billion.

he company said reported net income rose 5 Eco's Co. Ltd..