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Escrit fiscal Q4 profit climbs 72.3% YOY

Escrit Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥33.78 per share, an increase of 71.4% from ¥19.71 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥403.8 million, a gain of 72.3% from ¥234.4 million in the prior-year period.

The normalized profit margin increased to 6.4% from 4.3% in the year-earlier period.

Total revenue climbed 14.6% on an annual basis to ¥6.32 billion from ¥5.51 billion, and total operating expenses rose 10.4% from the prior-year period to ¥5.64 billion from ¥5.11 billion.

Reported net income increased 76.6% year over year to ¥395.8 million, or ¥33.12 per share, from ¥224.2 million, or ¥18.85 per share.

For the year, the company's normalized net income totaled ¥123.33 per share, an increase of 29.9% from ¥94.97 per share in the prior year.

Normalized net income was ¥1.47 billion, a gain of 30.2% from ¥1.13 billion in the prior year.

Full-year total revenue increased 20.0% on an annual basis to ¥23.23 billion from ¥19.36 billion, and total operating expenses rose 19.1% year over year to ¥20.81 billion from ¥17.48 billion.

The company said reported net income rose 30.7% on an annual basis to ¥1.44 billion, or ¥120.75 per share, in the full year, from ¥1.10 billion, or ¥92.61 per share.

As of June 24, US$1 was equivalent to ¥124.31.