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Chori profit holds mostly steady YOY in fiscal Q4

Chori Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥35.90 per share, compared with ¥35.80 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥880.0 million, compared with ¥877.8 million in the prior-year period.

The normalized profit margin dropped to 1.0% from 1.3% in the year-earlier period.

Total revenue grew 30.0% on an annual basis to ¥85.14 billion from ¥65.48 billion, and total operating expenses climbed 30.1% year over year to ¥83.64 billion from ¥64.28 billion.

Reported net income increased from the prior-year period to ¥1.68 billion, or ¥68.33 per share, from ¥584.0 million, or ¥23.82 per share.

For the year, the company's normalized net income totaled ¥140.46 per share, a fall of 7.5% from ¥151.85 per share in the prior year.

Normalized net income was ¥3.44 billion, a fall of 7.5% from ¥3.72 billion in the prior year.

Full-year total revenue grew 17.4% from the prior-year period to ¥291.58 billion from ¥248.40 billion, and total operating expenses rose 17.8% year over year to ¥286.22 billion from ¥242.89 billion.

The company said reported net income grew on an annual basis to ¥4.30 billion, or ¥175.27 per share, in the full year, from ¥4.15 billion, or ¥169.39 per share.

As of June 16, US$1 was equivalent to ¥103.98.