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IKK fiscal Q4 profit climbs 89.9% YOY

IKK Inc. said its normalized net income for the fiscal fourth quarter ended Oct. 31, 2015, was ¥22.36 per share, a gain of 88.3% from ¥11.88 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥655.0 million, an increase of 89.9% from ¥345.0 million in the prior-year period.

The normalized profit margin increased to 12.7% from 8.2% in the year-earlier period.

Total revenue climbed 22.3% year over year to ¥5.17 billion from ¥4.22 billion, and total operating expenses increased 12.1% year over year to ¥4.11 billion from ¥3.67 billion.

Reported net income grew 67.8% from the prior-year period to ¥642.6 million, or ¥21.94 per share, from ¥383.1 million, or ¥13.19 per share.

For the year, the company's normalized net income totaled ¥44.80 per share, an increase from ¥42.84 per share in the prior year.

Normalized net income was ¥1.31 billion, a gain of 5.5% from ¥1.24 billion in the prior year.

Full-year total revenue rose 10.6% on an annual basis to ¥16.98 billion from ¥15.35 billion, and total operating expenses increased 11.5% on an annual basis to ¥14.87 billion from ¥13.34 billion.

The company said reported net income declined year over year to ¥1.15 billion, or ¥39.30 per share, in the full year, from ¥1.18 billion, or ¥40.93 per share.

As of Jan. 28, US$1 was equivalent to ¥118.74.