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Maruichi fiscal Q4 profit climbs 50.9% YOY

Maruichi Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥1.37 per share, a gain of 50.9% from 91 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥31.5 million, a gain of 50.9% from ¥20.9 million in the prior-year period.

The normalized profit margin rose to 0.1% from 0.1% in the year-earlier period.

Total revenue increased year over year to ¥39.24 billion from ¥38.12 billion, and total operating expenses increased from the prior-year period to ¥39.30 billion from ¥38.17 billion.

Reported net income came to a loss of ¥264.0 million, or a loss of ¥11.45 per share, compared to a loss of ¥183.0 million, or a loss of ¥7.94 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥41.02 per share, an increase of 21.4% from ¥33.80 per share in the prior year.

Normalized net income was ¥945.6 million, a rise of 21.4% from ¥779.3 million in the prior year.

Full-year total revenue increased from the prior-year period to ¥173.19 billion from ¥167.40 billion, and total operating expenses increased on an annual basis to ¥172.06 billion from ¥166.51 billion.

The company said reported net income increased 9.0% year over year to ¥616.0 million, or ¥26.72 per share, in the full year, from ¥565.0 million, or ¥24.51 per share.

As of June 23, US$1 was equivalent to ¥123.88.