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ABC-Mart fiscal Q4 profit climbs 11.6% YOY

ABC-Mart Inc. said its normalized net income for the fiscal fourth quarter ended Feb. 29 came to ¥67.32 per share, a gain of 12.8% from ¥59.69 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.50 billion, an increase of 11.6% from ¥4.92 billion in the year-earlier period.

The normalized profit margin rose to 9.1% from 8.9% in the year-earlier period.

Total revenue increased 9.1% year over year to ¥60.61 billion from ¥55.54 billion, and total operating expenses rose 8.2% on an annual basis to ¥51.90 billion from ¥47.97 billion.

Reported net income grew 15.2% year over year to ¥5.86 billion, or ¥71.72 per share, from ¥5.08 billion, or ¥61.63 per share.

For the year, the company's normalized net income totaled ¥333.13 per share, a gain of 9.0% from ¥305.58 per share in the prior year.

Normalized net income was ¥26.29 billion, an increase from ¥25.21 billion in the prior year.

Full-year total revenue increased 11.5% on an annual basis to ¥238.15 billion from ¥213.58 billion, and total operating expenses grew 13.1% year over year to ¥196.64 billion from ¥173.93 billion.

The company said reported net income rose 7.2% year over year to ¥26.13 billion, or ¥331.15 per share, in the full year, from ¥24.37 billion, or ¥295.49 per share.

As of May 27, US$1 was equivalent to ¥109.87.