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Kurabo Industries fiscal Q4 profit climbs 20.7% YOY

Kurabo Industries Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥3.52 per share, an increase of 21.5% from ¥2.90 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥807.4 million, a gain of 20.7% from ¥669.1 million in the prior-year period.

The normalized profit margin climbed to 1.8% from 1.4% in the year-earlier period.

Total revenue declined year over year to ¥46.13 billion from ¥47.08 billion, and total operating expenses decreased year over year to ¥44.57 billion from ¥46.06 billion.

Reported net income grew year over year to ¥619.0 million, or ¥2.70 per share, from ¥289.0 million, or ¥1.25 per share.

For the year, the company's normalized net income totaled ¥11.62 per share, an increase of 13.1% from ¥10.27 per share in the prior year.

Normalized net income was ¥2.68 billion, a rise of 13.0% from ¥2.37 billion in the prior year.

Full-year total revenue increased on an annual basis to ¥173.23 billion from ¥169.53 billion, and total operating expenses rose on an annual basis to ¥168.88 billion from ¥166.78 billion.

The company said reported net income increased on an annual basis to ¥2.61 billion, or ¥11.33 per share, in the full year, from ¥1.15 billion, or ¥4.97 per share.

As of June 29, US$1 was equivalent to ¥102.64.