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Pola Orbis Holdings Q4 profit climbs 39.6% YOY

Pola Orbis Holdings Inc. said its fourth-quarter normalized net income came to ¥27.47 per share, a gain of 39.6% from ¥19.68 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.08 billion, a gain of 39.6% from ¥4.36 billion in the prior-year period.

The normalized profit margin rose to 10.3% from 7.0% in the year-earlier period.

Total revenue declined year over year to ¥59.33 billion from ¥62.28 billion, and total operating expenses declined 7.8% year over year to ¥50.73 billion from ¥55.02 billion.

Reported net income rose 6.5% year over year to ¥5.15 billion, or ¥23.28 per share, from ¥4.84 billion, or ¥21.84 per share.

For the year, the company's normalized net income totaled ¥76.65 per share, a gain of 21.7% from ¥63.01 per share in the prior year.

Normalized net income was ¥16.97 billion, a rise of 21.7% from ¥13.95 billion in the prior year.

Full-year total revenue increased from the prior-year period to ¥218.48 billion from ¥214.79 billion, and total operating expenses totaled ¥191.57 billion, compared with ¥192.28 billion in the year-earlier period.

The company said reported net income grew 23.8% on an annual basis to ¥17.45 billion, or ¥78.79 per share, in the full year, from ¥14.10 billion, or ¥63.66 per share.

As of March 29, US$1 was equivalent to ¥110.99.