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Hiramatsu posts fiscal Q4 profit

Hiramatsu Inc. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥308.1 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 12.7%.

Total revenue came to ¥2.43 billion, and total operating expenses came to ¥2.01 billion.

Reported net income came to ¥327.3 million, or ¥8.35 per share.

For the year, the company's normalized net income totaled ¥43.61 per share, a decline from ¥44.36 per share in the prior year.

Normalized net income was ¥1.74 billion, a decrease from ¥1.76 billion in the prior year.

Full-year total revenue totaled ¥11.33 billion, compared with ¥11.31 billion in the prior year, and total operating expenses increased year over year to ¥8.62 billion from ¥8.49 billion.

The company said reported net income grew on an annual basis to ¥1.79 billion, or ¥45.02 per share, in the full year, from ¥1.74 billion, or ¥43.68 per share.

As of June 24, US$1 was equivalent to ¥124.31.