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Gokurakuyu Holdings fiscal Q4 profit climbs 89.5% YOY

Gokurakuyu Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥11.76 per share, a gain of 6.4% from ¥11.06 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥225.0 million, a gain of 89.5% from ¥118.8 million in the year-earlier period.

The normalized profit margin climbed to 6.3% from 4.2% in the year-earlier period.

Total revenue increased 26.2% on an annual basis to ¥3.59 billion from ¥2.85 billion, and total operating expenses increased 18.0% from the prior-year period to ¥3.19 billion from ¥2.70 billion.

Reported net income totaled ¥255.2 million, or ¥13.34 per share, compared to a loss of ¥296.0 million, or a loss of ¥27.57 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥6.59 per share, an increase from ¥2.58 per share in the prior year.

Normalized net income was ¥90.9 million, a gain from ¥25.6 million in the prior year.

Full-year total revenue increased 19.9% from the prior-year period to ¥12.05 billion from ¥10.05 billion, and total operating expenses increased 17.4% on an annual basis to ¥11.86 billion from ¥10.10 billion.

The company said reported net income came to ¥111.2 million, or ¥8.07 per share, in the full year, compared with a loss of ¥398.0 million, or a loss of ¥40.03 per share, the prior year.

As of June 26, US$1 was equivalent to ¥123.96.