Pacific Industrial Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥31.82 per share, a gain of 67.5% from ¥19.00 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.92 billion, a gain of 80.9% from ¥1.06 billion in the year-earlier period.
The normalized profit margin climbed to 7.2% from 4.4% in the year-earlier period.
Total revenue grew 10.3% year over year to ¥26.64 billion from ¥24.15 billion, and total operating expenses increased 7.6% on an annual basis to ¥24.48 billion from ¥22.75 billion.
Reported net income increased from the prior-year period to ¥2.29 billion, or ¥37.87 per share, from ¥1.12 billion, or ¥19.96 per share.
For the year, the company's normalized net income totaled ¥120.43 per share, a gain of 46.9% from ¥82.00 per share in the prior year.
Normalized net income was ¥7.28 billion, a gain of 63.5% from ¥4.45 billion in the prior year.
Full-year total revenue grew 8.7% from the prior-year period to ¥99.95 billion from ¥91.98 billion, and total operating expenses grew 7.5% on an annual basis to ¥92.99 billion from ¥86.47 billion.
The company said reported net income grew 46.4% year over year to ¥6.71 billion, or ¥111.09 per share, in the full year, from ¥4.59 billion, or ¥84.49 per share.
As of June 15, US$1 was equivalent to ¥123.50.
