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Create restaurants holdings fiscal Q4 profit climbs 13.7% YOY

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Create restaurants holdings fiscal Q4 profit climbs 13.7% YOY

create restaurants holdings inc. said its normalized net income for the fiscal fourth quarter ended Feb. 28 came to ¥6.34 per share, an increase of 14.2% from ¥5.55 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥598.5 million, an increase of 13.7% from ¥526.3 million in the prior-year period.

The normalized profit margin declined to 3.2% from 3.5% in the year-earlier period.

Total revenue climbed 24.7% on an annual basis to ¥18.79 billion from ¥15.07 billion, and total operating expenses rose 24.7% year over year to ¥17.82 billion from ¥14.29 billion.

Reported net income grew from the prior-year period to ¥5.28 billion, or ¥55.97 per share, from ¥447.0 million, or ¥4.72 per share.

For the year, the company's normalized net income totaled ¥26.63 per share, compared with ¥26.67 per share in the prior year.

Normalized net income was ¥2.67 billion, a gain of 12.4% from ¥2.37 billion in the prior year.

Full-year total revenue grew 32.0% from the prior-year period to ¥69.31 billion from ¥52.52 billion, and total operating expenses increased 33.4% year over year to ¥65.14 billion from ¥48.82 billion.

The company said reported net income rose on an annual basis to ¥6.50 billion, or ¥64.88 per share, in the full year, from ¥1.81 billion, or ¥20.37 per share.

As of May 28, US$1 was equivalent to ¥124.24.