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Central Japan Railway fiscal Q4 profit climbs 92.3% YOY

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Central Japan Railway fiscal Q4 profit climbs 92.3% YOY

Central Japan Railway Co. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥188.35 per share, a gain of 92.3% from ¥97.95 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥37.07 billion, a gain of 92.3% from ¥19.28 billion in the year-earlier period.

The normalized profit margin rose to 8.8% from 4.7% in the year-earlier period.

Total revenue increased on an annual basis to ¥419.41 billion from ¥406.33 billion, and total operating expenses came to ¥343.95 billion, compared with ¥344.17 billion in the year-earlier period.

Reported net income fell 76.9% from the prior-year period to ¥3.38 billion, or ¥17.19 per share, from ¥14.64 billion, or ¥74.41 per share.

For the year, the company's normalized net income totaled ¥1,393.02 per share, compared to EPS rose from ¥1,261.60 in the prior year.

Normalized net income was ¥274.14 billion, a rise from ¥248.28 billion in the prior year.

Full-year total revenue increased on an annual basis to ¥1.672 trillion from ¥1.653 trillion, and total operating expenses totaled ¥1.166 trillion, compared with ¥1.158 trillion in the prior-year period.

The company said reported net income rose on an annual basis to ¥264.13 billion, or ¥1,342.15 per share, in the full year, from ¥255.69 billion, or ¥1,299.22 per share.

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