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Iida Group Holdings fiscal Q4 profit climbs YOY

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Capital Markets View – January 2021


Iida Group Holdings fiscal Q4 profit climbs YOY

Iida Group Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥35.53 per share, an increase of 68.7% from ¥21.06 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥10.25 billion, a gain from ¥9.97 billion in the prior-year period.

The normalized profit margin fell to 3.0% from 3.9% in the year-earlier period.

Total revenue increased 34.3% year over year to ¥345.77 billion from ¥257.50 billion, and total operating expenses grew 36.7% from the prior-year period to ¥328.86 billion from ¥240.59 billion.

Reported net income decreased on an annual basis to ¥8.82 billion, or ¥30.57 per share, from ¥9.00 billion, or ¥19.01 per share.

For the year, the company's normalized net income totaled ¥112.88 per share, a fall of 37.9% from ¥181.67 per share in the prior year.

Normalized net income was ¥32.55 billion, a rise of 11.7% from ¥29.15 billion in the prior year.

Full-year total revenue grew 83.9% on an annual basis to ¥1.188 trillion from ¥646.11 billion, and total operating expenses grew 89.7% on an annual basis to ¥1.133 trillion from ¥596.96 billion.

The company said reported net income fell on an annual basis to ¥28.59 billion, or ¥99.14 per share, in the full year, from ¥28.98 billion, or ¥180.61 per share.

As of June 29, US$1 was equivalent to ¥122.67.