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MOS Food Services fiscal Q4 profit climbs 50.6% YOY

MOS Food Services Inc. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥7.16 per share, an increase of 50.6% from ¥4.76 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥220.8 million, a gain of 50.6% from ¥146.6 million in the prior-year period.

The normalized profit margin increased to 1.3% from 0.9% in the year-earlier period.

Total revenue increased 8.6% on an annual basis to ¥16.89 billion from ¥15.56 billion, and total operating expenses increased 6.9% from the prior-year period to ¥16.44 billion from ¥15.38 billion.

Reported net income declined 26.6% year over year to ¥69.0 million, or ¥2.24 per share, from ¥94.0 million, or ¥3.05 per share.

For the year, the company's normalized net income totaled ¥32.53 per share, a decrease of 32.4% from ¥48.11 per share in the prior year.

Normalized net income was ¥1.00 billion, a decline of 32.4% from ¥1.48 billion in the prior year.

Full-year total revenue rose year over year to ¥66.31 billion from ¥65.33 billion, and total operating expenses increased on an annual basis to ¥64.75 billion from ¥63.17 billion.

The company said reported net income declined 61.5% year over year to ¥672.0 million, or ¥21.80 per share, in the full year, from ¥1.74 billion, or ¥56.57 per share.

As of June 25, US$1 was equivalent to ¥123.71.