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Ichikoh Industries fiscal Q4 profit climbs YOY

Ichikoh Industries Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥12.19 per share, a gain from ¥3.86 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.17 billion, a gain from ¥369.9 million in the year-earlier period.

The normalized profit margin climbed to 4.2% from 1.5% in the year-earlier period.

Total revenue grew 12.5% on an annual basis to ¥27.52 billion from ¥24.47 billion, and total operating expenses rose 9.5% year over year to ¥26.54 billion from ¥24.23 billion.

Reported net income grew 35.5% from the prior-year period to ¥504.0 million, or ¥5.26 per share, from ¥372.0 million, or ¥3.88 per share.

For the year, the company's normalized net income totaled ¥20.70 per share, a gain from ¥6.35 per share in the prior year.

Normalized net income was ¥1.98 billion, a gain from ¥609.3 million in the prior year.

Full-year total revenue increased 6.2% on an annual basis to ¥94.17 billion from ¥88.70 billion, and total operating expenses rose 6.0% on an annual basis to ¥93.65 billion from ¥88.36 billion.

The company said reported net income grew year over year to ¥2.36 billion, or ¥24.64 per share, in the full year, from ¥714.0 million, or ¥7.44 per share.

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