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Fine Sinter fiscal Q4 profit climbs 36.0% YOY

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Fine Sinter fiscal Q4 profit climbs 36.0% YOY

Fine Sinter Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥76.11 per share, an increase of 36.0% from ¥55.95 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥335.1 million, a gain of 36.0% from ¥246.4 million in the year-earlier period.

The normalized profit margin increased to 3.5% from 2.6% in the year-earlier period.

Total revenue climbed year over year to ¥9.66 billion from ¥9.56 billion, and total operating expenses totaled ¥9.03 billion, compared with ¥9.08 billion in the prior-year period.

Reported net income increased 50.3% from the prior-year period to ¥293.0 million, or ¥66.54 per share, from ¥195.0 million, or ¥44.28 per share.

For the year, the company's normalized net income totaled ¥146.17 per share, a decrease of 11.8% from ¥165.66 per share in the prior year.

Normalized net income was ¥643.6 million, a fall of 11.8% from ¥729.6 million in the prior year.

Full-year total revenue rose on an annual basis to ¥37.84 billion from ¥36.81 billion, and total operating expenses rose year over year to ¥36.66 billion from ¥35.58 billion.

The company said reported net income fell 23.4% on an annual basis to ¥549.0 million, or ¥124.68 per share, in the full year, from ¥717.0 million, or ¥162.80 per share.

As of June 25, US$1 was equivalent to ¥123.71.