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Kanro Q4 profit climbs 73.8% YOY

Kanro Co. Ltd. said its fourth-quarter normalized net income came to ¥77.94 per share, an increase of 73.9% from ¥44.83 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥282.5 million, a gain of 73.8% from ¥162.5 million in the year-earlier period.

The normalized profit margin rose to 5.0% from 3.0% in the year-earlier period.

Total revenue rose on an annual basis to ¥5.61 billion from ¥5.44 billion, and total operating expenses came to ¥5.16 billion, compared with ¥5.18 billion in the prior-year period.

Reported net income rose year over year to ¥328.0 million, or ¥90.50 per share, from ¥135.0 million, or ¥37.24 per share.

For the year, the company's normalized net income totaled ¥51.55 per share, compared with a loss of ¥13.79 per share in the prior year.

Normalized net income was ¥186.9 million, compared with a loss of ¥50.0 million in the prior year.

Full-year total revenue rose year over year to ¥19.68 billion from ¥18.80 billion, and total operating expenses increased on an annual basis to ¥19.35 billion from ¥18.95 billion.

The company said reported net income came to ¥86.0 million, or ¥23.72 per share, in the full year, compared with a loss of ¥495.0 million, or a loss of ¥136.53 per share, the prior year.

As of March 30, US$1 was equivalent to ¥112.45.