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Yonkyu fiscal Q4 profit falls YOY

Yonkyu Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥4.88 per share, a decline of 65.8% from ¥14.26 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥56.3 million, a decline of 65.8% from ¥164.4 million in the year-earlier period.

The normalized profit margin dropped to 0.7% from 2.1% in the year-earlier period.

Total revenue increased 6.5% year over year to ¥8.33 billion from ¥7.83 billion, and total operating expenses climbed 8.5% from the prior-year period to ¥8.30 billion from ¥7.65 billion.

Reported net income decreased 92.3% year over year to ¥12.0 million, or ¥1.04 per share, from ¥155.0 million, or ¥13.45 per share.

For the year, the company's normalized net income totaled ¥85.81 per share, a fall of 18.5% from ¥105.28 per share in the prior year.

Normalized net income was ¥988.8 million, a fall of 18.5% from ¥1.21 billion in the prior year.

Full-year total revenue totaled ¥37.89 billion, compared with ¥38.08 billion in the prior year, and total operating expenses came to ¥36.53 billion, compared with ¥36.45 billion in the year-earlier period.

The company said reported net income decreased 21.9% year over year to ¥813.0 million, or ¥70.56 per share, in the full year, from ¥1.04 billion, or ¥90.34 per share.

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