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Calbee fiscal Q4 profit climbs 29.0% YOY

Calbee Inc. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥25.75 per share, an increase of 29.1% from ¥19.95 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.44 billion, an increase of 29.0% from ¥2.67 billion in the year-earlier period.

The normalized profit margin increased to 5.6% from 4.6% in the year-earlier period.

Total revenue increased 6.0% on an annual basis to ¥60.96 billion from ¥57.51 billion, and total operating expenses rose on an annual basis to ¥54.75 billion from ¥52.66 billion.

Reported net income rose 46.4% on an annual basis to ¥3.41 billion, or ¥25.49 per share, from ¥2.33 billion, or ¥17.40 per share.

For the year, the company's normalized net income totaled ¥117.59 per share, a gain from ¥113.79 per share in the prior year.

Normalized net income was ¥15.72 billion, an increase from ¥15.22 billion in the prior year.

Full-year total revenue increased 10.8% year over year to ¥246.13 billion from ¥222.15 billion, and total operating expenses rose 10.1% on an annual basis to ¥218.00 billion from ¥197.98 billion.

The company said reported net income rose 19.0% on an annual basis to ¥16.80 billion, or ¥125.64 per share, in the full year, from ¥14.12 billion, or ¥105.54 per share.

As of June 22, US$1 was equivalent to ¥104.73.