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Adastria fiscal Q4 profit falls YOY

Adastria Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was ¥6.73 per share, a decline from ¥6.89 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥326.9 million, a decline from ¥334.4 million in the year-earlier period.

The normalized profit margin declined to 0.6% from 0.7% in the year-earlier period.

Total revenue rose 5.7% year over year to ¥50.88 billion from ¥48.12 billion, and total operating expenses rose 5.8% from the prior-year period to ¥50.52 billion from ¥47.73 billion.

Reported net income came to a loss of ¥707.3 million, or a loss of ¥14.56 per share, compared to a loss of ¥7.03 billion, or a loss of ¥144.71 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥85.00 per share, a gain from ¥82.18 per share in the prior year.

Normalized net income was ¥4.13 billion, an increase of 9.6% from ¥3.77 billion in the prior year.

Full-year total revenue rose 20.4% on an annual basis to ¥184.59 billion from ¥153.27 billion, and total operating expenses rose 21.1% on an annual basis to ¥178.61 billion from ¥147.51 billion.

The company said reported net income came to ¥503.0 million, or ¥10.36 per share, in the full year, compared with a loss of ¥4.73 billion, or a loss of ¥103.20 per share, the prior year.

As of May 29, US$1 was equivalent to ¥124.15.