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Sakai Holdings fiscal Q4 profit climbs 11.1% YOY

Sakai Holdings Co.Ltd. said its normalized net income for the fiscal fourth quarter ended Sept. 30 was ¥8.06 per share, an increase of 6.8% from ¥7.54 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥91.5 million, an increase of 11.1% from ¥82.4 million in the year-earlier period.

The normalized profit margin climbed to 2.1% from 2.0% in the year-earlier period.

Total revenue climbed 7.9% on an annual basis to ¥4.39 billion from ¥4.07 billion, and total operating expenses increased 8.1% on an annual basis to ¥4.18 billion from ¥3.87 billion.

Reported net income increased 5.6% on an annual basis to ¥99.5 million, or ¥8.77 per share, from ¥94.3 million, or ¥8.63 per share.

For the year, the company's normalized net income totaled ¥32.98 per share, a decline of 14.7% from ¥38.67 per share in the prior year.

Normalized net income was ¥367.4 million, a decrease of 12.6% from ¥420.5 million in the prior year.

Full-year total revenue rose 5.7% from the prior-year period to ¥17.99 billion from ¥17.02 billion, and total operating expenses rose 5.9% on an annual basis to ¥17.23 billion from ¥16.27 billion.

The company said reported net income fell 21.1% on an annual basis to ¥315.1 million, or ¥28.29 per share, in the full year, from ¥399.3 million, or ¥36.72 per share.

As of Dec. 21, US$1 was equivalent to ¥117.75.