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Ahresty fiscal Q4 profit falls YOY

Ahresty Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥30.49 per share, a decrease of 35.3% from ¥47.08 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥792.5 million, a decline of 26.1% from ¥1.07 billion in the prior-year period.

The normalized profit margin dropped to 2.1% from 3.0% in the year-earlier period.

Total revenue increased 8.0% year over year to ¥38.28 billion from ¥35.44 billion, and total operating expenses grew 9.7% from the prior-year period to ¥36.59 billion from ¥33.35 billion.

Reported net income decreased 62.3% year over year to ¥899.4 million, or ¥15.41 per share, from ¥2.39 billion, or ¥88.24 per share.

For the year, the company's normalized net income totaled ¥35.63 per share, a decrease of 68.0% from ¥111.26 per share in the prior year.

Normalized net income was ¥925.6 million, a fall of 62.1% from ¥2.44 billion in the prior year.

Full-year total revenue increased 9.4% year over year to ¥138.73 billion from ¥126.78 billion, and total operating expenses increased 11.3% year over year to ¥136.21 billion from ¥122.33 billion.

The company said reported net income fell 83.2% on an annual basis to ¥1.05 billion, or ¥12.86 per share, in the full year, from ¥6.27 billion, or ¥269.50 per share.

As of June 18, US$1 was equivalent to ¥122.95.