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Naigai fiscal Q4 profit falls YOY

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Naigai fiscal Q4 profit falls YOY

Naigai Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to ¥9.28 per share, a decrease of 47.4% from ¥17.65 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥76.3 million, a decrease of 47.4% from ¥145.0 million in the year-earlier period.

The normalized profit margin dropped to 1.5% from 2.7% in the year-earlier period.

Total revenue fell year over year to ¥5.13 billion from ¥5.31 billion, and total operating expenses fell year over year to ¥5.16 billion from ¥5.21 billion.

Reported net income fell 49.8% on an annual basis to ¥116.0 million, or ¥14.12 per share, from ¥231.0 million, or ¥28.12 per share.

For the year, the company's normalized net income totaled ¥7.32 per share, an increase of 5.9% from ¥6.91 per share in the prior year.

Normalized net income was ¥60.1 million, an increase of 5.9% from ¥56.8 million in the prior year.

Full-year total revenue amounted to ¥17.50 billion, compared with ¥17.53 billion in the prior year, and total operating expenses totaled ¥17.66 billion, compared with ¥17.63 billion in the prior-year period.

The company said reported net income declined 15.0% on an annual basis to ¥68.0 million, or ¥8.28 per share, in the full year, from ¥80.0 million, or ¥9.74 per share.

As of April 24, US$1 was equivalent to ¥118.99.