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Muro fiscal Q4 profit climbs 38.9% YOY

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Muro fiscal Q4 profit climbs 38.9% YOY

Muro Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥39.70 per share, a gain of 38.9% from ¥28.59 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥245.6 million, an increase of 38.9% from ¥176.9 million in the year-earlier period.

The normalized profit margin rose to 5.4% from 4.1% in the year-earlier period.

Total revenue increased 6.4% year over year to ¥4.58 billion from ¥4.30 billion, and total operating expenses grew 5.7% from the prior-year period to ¥4.19 billion from ¥3.96 billion.

Reported net income grew from the prior-year period to ¥260.0 million, or ¥42.02 per share, from ¥68.0 million, or ¥10.99 per share.

For the year, the company's normalized net income totaled ¥191.25 per share, an increase of 52.4% from ¥125.48 per share in the prior year.

Normalized net income was ¥1.18 billion, a rise of 52.4% from ¥776.3 million in the prior year.

Full-year total revenue grew 7.2% year over year to ¥17.85 billion from ¥16.65 billion, and total operating expenses grew 6.1% year over year to ¥16.48 billion from ¥15.53 billion.

The company said reported net income rose 72.6% on an annual basis to ¥1.11 billion, or ¥180.24 per share, in the full year, from ¥646.0 million, or ¥104.42 per share.

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