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Ashimori Industry fiscal Q4 profit climbs YOY

Ashimori Industry Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥89.81 per share, a decrease from ¥90.78 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥543.8 million, an increase from ¥526.3 million in the prior-year period.

The normalized profit margin rose to 4.2% from 4.0% in the year-earlier period.

Total revenue totaled ¥13.07 billion, compared with ¥13.08 billion in the prior-year period, and total operating expenses decreased from the prior-year period to ¥12.37 billion from ¥12.53 billion.

Reported net income rose 69.7% from the prior-year period to ¥1.14 billion, or ¥187.47 per share, from ¥669.0 million, or ¥115.41 per share.

For the year, the company's normalized net income totaled ¥134.10 per share, a fall of 21.5% from ¥170.78 per share in the prior year.

Normalized net income was ¥812.0 million, a fall of 16.6% from ¥973.5 million in the prior year.

Full-year total revenue increased on an annual basis to ¥48.07 billion from ¥46.73 billion, and total operating expenses increased on an annual basis to ¥47.04 billion from ¥45.56 billion.

The company said reported net income totaled ¥1.47 billion, or ¥242.76 per share, in the full year, compared with a loss of ¥1.23 billion, or a loss of ¥214.90 per share, the prior year.

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