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Artgreen posts fiscal Q4 profit

Artgreen Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Oct. 31 was ¥625,000.

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

The normalized profit margin was 0.2%.

Total revenue came to ¥410.0 million, and total operating expenses came to ¥408.0 million.

Reported net income came to ¥11.0 million, or ¥12.36 per share.

For the year, the company's normalized net income totaled ¥40.03 per share, a gain of 23.9% from ¥32.30 per share in the prior year.

Normalized net income was ¥35.6 million, an increase of 23.9% from ¥28.8 million in the prior year.

Full-year total revenue increased 19.7% from the prior-year period to ¥1.69 billion from ¥1.41 billion, and total operating expenses increased 19.6% on an annual basis to ¥1.63 billion from ¥1.36 billion.

The company said reported net income rose 50.0% year over year to ¥45.0 million, or ¥50.56 per share, in the full year, from ¥30.0 million, or ¥33.71 per share.

As of Nov. 16, US$1 was equivalent to ¥123.10.