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Asti fiscal Q4 profit climbs 32.1% YOY

Asti Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥91.22 per share, an increase of 40.3% from ¥65.01 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥291.5 million, an increase of 32.1% from ¥220.6 million in the year-earlier period.

The normalized profit margin rose to 2.7% from 2.1% in the year-earlier period.

Total revenue grew on an annual basis to ¥10.86 billion from ¥10.48 billion, and total operating expenses rose on an annual basis to ¥10.52 billion from ¥10.21 billion.

Reported net income increased 29.0% year over year to ¥374.0 million, or ¥117.04 per share, from ¥290.0 million, or ¥85.45 per share.

For the year, the company's normalized net income totaled ¥123.59 per share, an increase from ¥55.05 per share in the prior year.

Normalized net income was ¥403.4 million, a rise from ¥186.9 million in the prior year.

Full-year total revenue rose 10.2% on an annual basis to ¥39.26 billion from ¥35.62 billion, and total operating expenses increased 9.8% year over year to ¥38.97 billion from ¥35.50 billion.

The company said reported net income grew 52.4% year over year to ¥218.0 million, or ¥66.79 per share, in the full year, from ¥143.0 million, or ¥42.13 per share.

As of June 24, US$1 was equivalent to ¥124.31.