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Medical System Network fiscal Q4 profit climbs YOY

Medical System Network Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥20.49 per share, an increase from ¥2.31 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥489.5 million, an increase from ¥55.3 million in the year-earlier period.

The normalized profit margin increased to 2.4% from 0.3% in the year-earlier period.

Total revenue climbed 8.7% year over year to ¥20.00 billion from ¥18.40 billion, and total operating expenses climbed year over year to ¥19.14 billion from ¥18.32 billion.

Reported net income totaled ¥298.0 million, or ¥12.47 per share, compared to a loss of ¥154.0 million, or a loss of ¥6.45 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥62.55 per share, an increase of 22.3% from ¥51.13 per share in the prior year.

Normalized net income was ¥1.49 billion, an increase of 21.3% from ¥1.23 billion in the prior year.

Full-year total revenue grew 14.2% year over year to ¥75.55 billion from ¥66.18 billion, and total operating expenses increased 13.8% year over year to ¥72.91 billion from ¥64.09 billion.

The company said reported net income grew 32.5% year over year to ¥885.0 million, or ¥37.05 per share, in the full year, from ¥668.0 million, or ¥27.72 per share.

As of June 22, US$1 was equivalent to ¥123.23.