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Press Kogyo fiscal Q4 profit climbs 21.7% YOY

Press Kogyo Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥19.31 per share, a gain of 21.7% from ¥15.86 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.10 billion, an increase of 21.7% from ¥1.72 billion in the year-earlier period.

The normalized profit margin increased to 3.9% from 3.6% in the year-earlier period.

Total revenue climbed 13.3% year over year to ¥54.39 billion from ¥48.03 billion, and total operating expenses increased 12.3% year over year to ¥51.03 billion from ¥45.45 billion.

Reported net income rose 18.0% from the prior-year period to ¥1.97 billion, or ¥18.17 per share, from ¥1.67 billion, or ¥15.40 per share.

For the year, the company's normalized net income totaled ¥64.07 per share, a gain of 12.2% from ¥57.10 per share in the prior year.

Normalized net income was ¥6.96 billion, an increase of 12.2% from ¥6.20 billion in the prior year.

Full-year total revenue grew 7.6% from the prior-year period to ¥197.62 billion from ¥183.62 billion, and total operating expenses grew 7.8% on an annual basis to ¥187.79 billion from ¥174.22 billion.

The company said reported net income rose on an annual basis to ¥6.36 billion, or ¥58.51 per share, in the full year, from ¥6.27 billion, or ¥57.71 per share.

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