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Dairei posts fiscal Q4 profit

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Dairei posts fiscal Q4 profit

Dairei Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥143.8 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 2.4%.

Total revenue totaled ¥6.12 billion, and total operating expenses totaled ¥5.89 billion.

Reported net income came to ¥130.0 million, or ¥21.67 per share.

For the year, the company's normalized net income totaled ¥172.26 per share, a fall of 11.3% from ¥194.15 per share in the prior year.

Normalized net income was ¥948.8 million, a decline of 7.9% from ¥1.03 billion in the prior year.

Full-year total revenue rose year over year to ¥27.17 billion from ¥26.34 billion, and total operating expenses grew on an annual basis to ¥25.65 billion from ¥24.68 billion.

The company said reported net income grew 14.8% year over year to ¥1.03 billion, or ¥186.83 per share, in the full year, from ¥896.0 million, or ¥168.79 per share.

As of June 23, US$1 was equivalent to ¥123.88.