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Ajinomoto fiscal Q4 profit climbs 84.7% YOY

Ajinomoto Co. Inc. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥19.42 per share, an increase of 88.5% from ¥10.30 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥11.49 billion, an increase of 84.7% from ¥6.22 billion in the prior-year period.

The normalized profit margin increased to 4.2% from 2.5% in the year-earlier period.

Total revenue climbed 10.5% year over year to ¥275.19 billion from ¥249.01 billion, and total operating expenses grew 7.4% year over year to ¥254.81 billion from ¥237.28 billion.

Reported net income increased 15.8% on an annual basis to ¥6.65 billion, or ¥11.24 per share, from ¥5.75 billion, or ¥9.51 per share.

For the year, the company's normalized net income totaled ¥72.42 per share, compared to EPS of ¥58.68 in the prior year.

Normalized net income was ¥42.87 billion, a gain from ¥36.03 billion in the prior year.

Full-year total revenue increased year over year to ¥1.007 trillion from ¥991.33 billion, and total operating expenses came to ¥932.11 billion, compared with ¥928.78 billion in the prior-year period.

The company said reported net income increased on an annual basis to ¥46.49 billion, or ¥78.54 per share, in the full year, from ¥42.80 billion, or ¥69.70 per share.

As of June 26, US$1 was equivalent to ¥123.96.