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Sanden Holdings fiscal Q4 profit climbs YOY

Sanden Holdings Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥76.46 per share, a gain from ¥73.43 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.11 billion, a gain from ¥2.03 billion in the year-earlier period.

The normalized profit margin fell to 2.6% from 2.6% in the year-earlier period.

Total revenue climbed 5.0% on an annual basis to ¥80.95 billion from ¥77.11 billion, and total operating expenses grew 7.0% from the prior-year period to ¥77.83 billion from ¥72.74 billion.

Reported net income decreased 51.2% year over year to ¥2.18 billion, or ¥78.91 per share, from ¥4.46 billion, or ¥161.83 per share.

For the year, the company's normalized net income totaled ¥215.31 per share, an increase of 80.2% from ¥119.49 per share in the prior year.

Normalized net income was ¥5.95 billion, a rise of 81.7% from ¥3.27 billion in the prior year.

Full-year total revenue increased 11.7% from the prior-year period to ¥306.98 billion from ¥274.79 billion, and total operating expenses grew 10.5% year over year to ¥298.40 billion from ¥269.93 billion.

The company said reported net income declined year over year to ¥5.58 billion, or ¥201.98 per share, in the full year, from ¥5.84 billion, or ¥213.22 per share.

As of June 19, US$1 was equivalent to ¥122.78.