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Muro fiscal Q4 profit climbs 7.6% YOY

Muro Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥42.73 per share, a gain of 7.6% from ¥39.70 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥264.4 million, an increase of 7.6% from ¥245.6 million in the prior-year period.

The normalized profit margin increased to 5.5% from 5.4% in the year-earlier period.

Total revenue grew year over year to ¥4.77 billion from ¥4.58 billion, and total operating expenses grew year over year to ¥4.28 billion from ¥4.19 billion.

Reported net income grew 10.8% year over year to ¥288.0 million, or ¥46.55 per share, from ¥260.0 million, or ¥42.02 per share.

For the year, the company's normalized net income totaled ¥162.96 per share, a fall of 14.8% from ¥191.25 per share in the prior year.

Normalized net income was ¥1.01 billion, a decrease of 14.8% from ¥1.18 billion in the prior year.

Full-year total revenue increased 5.1% on an annual basis to ¥18.76 billion from ¥17.85 billion, and total operating expenses rose on an annual basis to ¥17.00 billion from ¥16.48 billion.

The company said reported net income rose year over year to ¥1.15 billion, or ¥185.89 per share, in the full year, from ¥1.11 billion, or ¥180.24 per share.

As of June 23, US$1 was equivalent to ¥105.69.