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Retail Partners profit holds relatively steady YOY in fiscal Q4

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Retail Partners profit holds relatively steady YOY in fiscal Q4

Retail Partners Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was ¥29.18 per share, compared with ¥29.28 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥712.6 million, compared with ¥714.3 million in the prior-year period.

The normalized profit margin dropped to 3.1% from 3.4% in the year-earlier period.

Total revenue climbed 9.4% on an annual basis to ¥23.11 billion from ¥21.12 billion, and total operating expenses rose 10.1% from the prior-year period to ¥22.00 billion from ¥19.98 billion.

Reported net income increased year over year to ¥651.0 million, or ¥26.65 per share, from ¥278.0 million, or ¥11.40 per share.

For the year, the company's normalized net income totaled ¥98.04 per share, a gain from ¥96.56 per share in the prior year.

Normalized net income was ¥2.39 billion, an increase from ¥2.35 billion in the prior year.

Full-year total revenue increased from the prior-year period to ¥87.94 billion from ¥84.81 billion, and total operating expenses rose year over year to ¥84.27 billion from ¥81.13 billion.

The company said reported net income rose 26.8% year over year to ¥2.33 billion, or ¥95.53 per share, in the full year, from ¥1.84 billion, or ¥75.43 per share.

As of May 29, US$1 was equivalent to ¥124.15.