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Meiji Holdings fiscal Q4 profit climbs 11.8% YOY

Meiji Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥90.68 per share, a gain of 12.0% from ¥80.94 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥13.32 billion, a gain of 11.8% from ¥11.92 billion in the prior-year period.

The normalized profit margin rose to 4.3% from 3.9% in the year-earlier period.

Total revenue totaled ¥308.39 billion, compared with ¥309.38 billion in the prior-year period, and total operating expenses fell year over year to ¥287.94 billion from ¥290.90 billion.

Reported net income grew 27.7% year over year to ¥14.52 billion, or ¥98.84 per share, from ¥11.38 billion, or ¥77.26 per share.

For the year, the company's normalized net income totaled ¥374.53 per share, compared to EPS of ¥340.41 in the prior year.

Normalized net income was ¥55.11 billion, a gain from ¥50.12 billion in the prior year.

Full-year total revenue grew on an annual basis to ¥1.242 trillion from ¥1.224 trillion, and total operating expenses totaled ¥1.154 trillion, compared with ¥1.146 trillion in the prior-year period.

The company said reported net income fell on an annual basis to ¥60.79 billion, or ¥413.11 per share, in the full year, from ¥62.58 billion, or ¥425.06 per share.

As of June 29, US$1 was equivalent to ¥112.60.