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Kenko Mayonnaise fiscal Q4 profit climbs YOY

Kenko Mayonnaise Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥27.93 per share, a gain from ¥11.83 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥396.9 million, an increase from ¥168.1 million in the prior-year period.

The normalized profit margin climbed to 2.7% from 1.3% in the year-earlier period.

Total revenue increased 9.0% year over year to ¥14.47 billion from ¥13.28 billion, and total operating expenses climbed 6.4% on an annual basis to ¥13.80 billion from ¥12.96 billion.

Reported net income rose year over year to ¥395.0 million, or ¥27.80 per share, from ¥126.0 million, or ¥8.87 per share.

For the year, the company's normalized net income totaled ¥122.09 per share, an increase of 22.9% from ¥99.31 per share in the prior year.

Normalized net income was ¥1.74 billion, a gain of 22.9% from ¥1.41 billion in the prior year.

Full-year total revenue increased 5.3% on an annual basis to ¥60.33 billion from ¥57.30 billion, and total operating expenses rose year over year to ¥57.33 billion from ¥54.87 billion.

The company said reported net income grew 29.8% year over year to ¥1.64 billion, or ¥115.55 per share, in the full year, from ¥1.26 billion, or ¥89.02 per share.

As of June 23, US$1 was equivalent to ¥123.88.