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Tsuruha Holdings fiscal Q4 profit climbs YOY

Tsuruha Holdings Inc. said its normalized net income for the fiscal fourth quarter ended May 15 was ¥80.65 per share, an increase from ¥79.07 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.86 billion, compared with ¥3.83 billion in the prior-year period.

The normalized profit margin climbed to 3.5% from 3.4% in the year-earlier period.

Total revenue decreased year over year to ¥110.64 billion from ¥112.35 billion, and total operating expenses decreased from the prior-year period to ¥104.66 billion from ¥105.91 billion.

Reported net income decreased 12.0% on an annual basis to ¥3.00 billion, or ¥62.73 per share, from ¥3.41 billion, or ¥70.47 per share.

For the year, the company's normalized net income totaled ¥364.12 per share, an increase of 13.7% from ¥320.22 per share in the prior year.

Normalized net income was ¥17.49 billion, an increase of 13.1% from ¥15.46 billion in the prior year.

Full-year total revenue rose 13.4% year over year to ¥440.43 billion from ¥388.46 billion, and total operating expenses grew 13.5% on an annual basis to ¥413.53 billion from ¥364.36 billion.

The company said reported net income increased 18.2% year over year to ¥17.21 billion, or ¥358.29 per share, in the full year, from ¥14.56 billion, or ¥301.58 per share.

As of Aug. 7, US$1 was equivalent to ¥124.28.