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IZUMI fiscal Q4 profit climbs YOY

IZUMI Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to ¥81.74 per share, a gain from ¥80.15 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.87 billion, a gain from ¥5.76 billion in the prior-year period.

The normalized profit margin declined to 3.8% from 3.8% in the year-earlier period.

Total revenue grew on an annual basis to ¥156.62 billion from ¥152.06 billion, and total operating expenses climbed year over year to ¥146.87 billion from ¥142.69 billion.

Reported net income declined 9.4% year over year to ¥4.96 billion, or ¥69.07 per share, from ¥5.48 billion, or ¥76.25 per share.

For the year, the company's normalized net income totaled ¥256.01 per share, an increase from ¥244.46 per share in the prior year.

Normalized net income was ¥18.40 billion, a rise from ¥17.97 billion in the prior year.

Full-year total revenue grew from the prior-year period to ¥579.74 billion from ¥556.85 billion, and total operating expenses rose year over year to ¥549.41 billion from ¥527.17 billion.

The company said reported net income totaled ¥17.36 billion, or ¥241.59 per share, in the full year, compared with ¥17.38 billion, or ¥236.55 per share, the prior year.

As of May 22, US$1 was equivalent to ¥121.48.