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Via Holdings fiscal Q4 profit climbs YOY

Via Holdings Inc. said its normalized net income for the fiscal fourth quarter ended March 31 was 44 Japanese sen per share, an increase of 88.4% from 23 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥12.5 million, a gain from ¥5.6 million in the year-earlier period.

The normalized profit margin rose to 0.2% from 0.1% in the year-earlier period.

Total revenue climbed year over year to ¥6.38 billion from ¥6.12 billion, and total operating expenses climbed 5.8% on an annual basis to ¥6.30 billion from ¥5.95 billion.

Reported net income came to ¥140.4 million, or ¥4.89 per share, compared to a loss of ¥200.0 million, or a loss of ¥8.22 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥12.84 per share, compared with ¥12.82 per share in the prior year.

Normalized net income was ¥327.5 million, a rise of 5.0% from ¥311.9 million in the prior year.

Full-year total revenue increased from the prior-year period to ¥25.63 billion from ¥24.95 billion, and total operating expenses rose on an annual basis to ¥24.86 billion from ¥24.14 billion.

The company said reported net income grew 36.3% year over year to ¥249.4 million, or ¥9.78 per share, in the full year, from ¥183.0 million, or ¥7.52 per share.

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