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Gunze fiscal Q4 profit falls YOY

Gunze Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to 91 Japanese sen per share, a decline of 87.3% from ¥7.12 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥17.5 million, a decline of 87.2% from ¥136.4 million in the year-earlier period.

The normalized profit margin fell to 0.0% from 0.4% in the year-earlier period.

Total revenue grew year over year to ¥36.11 billion from ¥34.87 billion, and total operating expenses climbed 5.9% year over year to ¥36.33 billion from ¥34.31 billion.

Reported net income came to ¥117.9 million, or ¥6.11 per share, compared to a loss of ¥215.8 million, or a loss of ¥11.32 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥167.58 per share, an increase of 9.5% from ¥153.03 per share in the prior year.

Normalized net income was ¥3.23 billion, an increase of 9.6% from ¥2.95 billion in the prior year.

Full-year total revenue amounted to ¥141.17 billion, compared with ¥142.43 billion in the prior year, and total operating expenses came to ¥138.09 billion, compared with ¥138.05 billion in the year-earlier period.

The company said reported net income grew 28.2% year over year to ¥3.22 billion, or ¥166.60 per share, in the full year, from ¥2.51 billion, or ¥130.10 per share.

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