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Doshisha fiscal Q4 profit climbs 23.6% YOY

Doshisha Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥18.21 per share, an increase of 23.6% from ¥14.74 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥679.1 million, an increase of 23.6% from ¥549.5 million in the year-earlier period.

The normalized profit margin climbed to 3.0% from 2.5% in the year-earlier period.

Total revenue grew year over year to ¥22.34 billion from ¥21.58 billion, and total operating expenses climbed on an annual basis to ¥21.34 billion from ¥20.70 billion.

Reported net income grew 18.7% year over year to ¥647.0 million, or ¥17.35 per share, from ¥545.0 million, or ¥14.61 per share.

For the year, the company's normalized net income totaled ¥112.65 per share, a fall of 7.2% from ¥121.44 per share in the prior year.

Normalized net income was ¥4.20 billion, a decline of 7.2% from ¥4.53 billion in the prior year.

Full-year total revenue declined from the prior-year period to ¥103.65 billion from ¥105.58 billion, and total operating expenses fell on an annual basis to ¥97.10 billion from ¥98.29 billion.

The company said reported net income increased year over year to ¥4.48 billion, or ¥120.06 per share, in the full year, from ¥4.42 billion, or ¥118.55 per share.

As of June 29, US$1 was equivalent to ¥122.67.