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E'grand fiscal Q4 profit climbs 61.8% YOY

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E'grand fiscal Q4 profit climbs 61.8% YOY

E'grand Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥20.78 per share, a gain of 59.3% from ¥13.04 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥132.5 million, an increase of 61.8% from ¥81.9 million in the year-earlier period.

The normalized profit margin climbed to 3.1% from 2.4% in the year-earlier period.

Total revenue rose 26.8% on an annual basis to ¥4.27 billion from ¥3.37 billion, and total operating expenses increased 26.6% on an annual basis to ¥4.00 billion from ¥3.16 billion.

Reported net income increased 80.0% on an annual basis to ¥144.0 million, or ¥22.58 per share, from ¥80.0 million, or ¥12.75 per share.

For the year, the company's normalized net income totaled ¥67.29 per share, a decrease of 38.4% from ¥109.15 per share in the prior year.

Normalized net income was ¥429.4 million, a decrease of 27.8% from ¥594.4 million in the prior year.

Full-year total revenue grew 23.0% from the prior-year period to ¥15.40 billion from ¥12.52 billion, and total operating expenses rose 28.1% year over year to ¥14.51 billion from ¥11.33 billion.

The company said reported net income fell 14.4% year over year to ¥499.0 million, or ¥78.20 per share, in the full year, from ¥583.0 million, or ¥107.06 per share.

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