Yomiuri Land Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥58.05 per share, an increase from ¥12.29 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥448.8 million, a gain from ¥95.6 million in the year-earlier period.
The normalized profit margin climbed to 10.4% from 2.6% in the year-earlier period.
Total revenue rose 18.8% on an annual basis to ¥4.33 billion from ¥3.64 billion, and total operating expenses increased from the prior-year period to ¥3.75 billion from ¥3.65 billion.
Reported net income grew on an annual basis to ¥291.0 million, or ¥37.65 per share, from ¥43.0 million, or ¥5.53 per share.
For the year, the company's normalized net income totaled ¥249.46 per share, a decrease from ¥257.25 per share in the prior year.
Normalized net income was ¥1.93 billion, a decline from ¥2.00 billion in the prior year.
Full-year total revenue grew from the prior-year period to ¥17.30 billion from ¥16.77 billion, and total operating expenses increased on an annual basis to ¥15.02 billion from ¥14.32 billion.
The company said reported net income decreased 8.8% on an annual basis to ¥1.77 billion, or ¥228.65 per share, in the full year, from ¥1.94 billion, or ¥249.38 per share.
As of June 18, US$1 was equivalent to ¥122.95.
