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Honeys Holdings fiscal Q4 profit climbs 37.6% YOY

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Honeys Holdings fiscal Q4 profit climbs 37.6% YOY

Honeys Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended May 31 was ¥44.64 per share, a gain of 37.7% from ¥32.43 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.24 billion, a gain of 37.6% from ¥904.4 million in the year-earlier period.

The normalized profit margin climbed to 7.6% from 5.6% in the year-earlier period.

Total revenue increased year over year to ¥16.43 billion from ¥16.24 billion, and total operating expenses decreased on an annual basis to ¥14.49 billion from ¥14.82 billion.

Reported net income rose 85.2% from the prior-year period to ¥1.10 billion, or ¥39.46 per share, from ¥594.0 million, or ¥21.30 per share.

For the year, the company's normalized net income totaled ¥55.60 per share, a decline from ¥56.28 per share in the prior year.

Normalized net income was ¥1.55 billion, a decrease from ¥1.57 billion in the prior year.

Full-year total revenue decreased year over year to ¥59.02 billion from ¥60.09 billion, and total operating expenses fell on an annual basis to ¥56.85 billion from ¥57.77 billion.

The company said reported net income grew year over year to ¥1.95 billion, or ¥69.87 per share, in the full year, from ¥556.0 million, or ¥19.93 per share.

As of Aug. 19, US$1 was equivalent to ¥124.27.