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Hikari Tsushin fiscal Q4 profit climbs 19.8% YOY

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Hikari Tsushin fiscal Q4 profit climbs 19.8% YOY

Hikari Tsushin Inc. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥143.80 per share, a gain of 18.9% from ¥120.95 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.66 billion, a gain of 19.8% from ¥5.56 billion in the prior-year period.

The normalized profit margin climbed to 4.2% from 3.4% in the year-earlier period.

Total revenue decreased year over year to ¥158.41 billion from ¥163.87 billion, and total operating expenses fell 5.0% from the prior-year period to ¥146.10 billion from ¥153.73 billion.

Reported net income fell 20.6% year over year to ¥4.40 billion, or ¥94.94 per share, from ¥5.54 billion, or ¥120.50 per share.

For the year, the company's normalized net income totaled ¥357.36 per share, a decrease of 17.9% from ¥435.15 per share in the prior year.

Normalized net income was ¥16.52 billion, a decrease of 19.5% from ¥20.53 billion in the prior year.

Full-year total revenue totaled ¥562.51 billion, compared with ¥565.16 billion in the prior year, and total operating expenses totaled ¥532.06 billion, compared with ¥532.50 billion in the prior-year period.

The company said reported net income decreased 29.3% on an annual basis to ¥20.72 billion, or ¥448.11 per share, in the full year, from ¥29.31 billion, or ¥621.31 per share.

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