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Fukoku Co. fiscal Q4 profit climbs 34.9% YOY

4917002 said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥20.64 per share, an increase of 34.7% from ¥15.33 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥356.0 million, a gain of 34.9% from ¥263.9 million in the year-earlier period.

The normalized profit margin climbed to 2.0% from 1.6% in the year-earlier period.

Total revenue rose 8.5% on an annual basis to ¥18.14 billion from ¥16.72 billion, and total operating expenses increased 8.4% on an annual basis to ¥17.50 billion from ¥16.14 billion.

Reported net income grew on an annual basis to ¥525.3 million, or ¥30.46 per share, from ¥243.8 million, or ¥14.13 per share.

For the year, the company's normalized net income totaled ¥138.01 per share, a gain of 26.5% from ¥109.09 per share in the prior year.

Normalized net income was ¥2.38 billion, an increase of 26.7% from ¥1.88 billion in the prior year.

Full-year total revenue grew 9.0% on an annual basis to ¥70.07 billion from ¥64.30 billion, and total operating expenses increased 8.8% on an annual basis to ¥66.61 billion from ¥61.25 billion.

he company said reported net income grew 13 Fukoku Co. Ltd.