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Calbee fiscal Q4 profit climbs 11.8% YOY

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Calbee fiscal Q4 profit climbs 11.8% YOY

Calbee Inc. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥19.95 per share, an increase of 11.8% from ¥17.84 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.67 billion, an increase of 11.8% from ¥2.39 billion in the year-earlier period.

The normalized profit margin was 4.6%.

Total revenue rose 12.7% on an annual basis to ¥57.51 billion from ¥51.02 billion, and total operating expenses climbed 12.2% from the prior-year period to ¥52.66 billion from ¥46.92 billion.

Reported net income grew 32.9% from the prior-year period to ¥2.33 billion, or ¥17.40 per share, from ¥1.75 billion, or ¥13.08 per share.

For the year, the company's normalized net income totaled ¥113.79 per share, a gain of 19.2% from ¥95.42 per share in the prior year.

Normalized net income was ¥15.22 billion, a gain of 19.3% from ¥12.76 billion in the prior year.

Full-year total revenue increased 11.1% from the prior-year period to ¥222.15 billion from ¥199.94 billion, and total operating expenses grew 9.9% on an annual basis to ¥197.98 billion from ¥180.22 billion.

The company said reported net income grew 16.8% year over year to ¥14.12 billion, or ¥105.54 per share, in the full year, from ¥12.09 billion, or ¥90.42 per share.

As of June 25, US$1 was equivalent to ¥123.71.