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Himaraya Co. fiscal Q4 profit falls YOY

Himaraya Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Aug. 31 came to ¥41.90 per share, a decrease from ¥42.60 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥516.3 million, a decline from ¥525.0 million in the year-earlier period.

The normalized profit margin dropped to 2.9% from 3.1% in the year-earlier period.

Total revenue climbed year over year to ¥17.55 billion from ¥17.01 billion, and total operating expenses grew from the prior-year period to ¥16.77 billion from ¥16.20 billion.

Reported net income fell year over year to ¥380.0 million, or ¥30.84 per share, from ¥384.0 million, or ¥31.16 per share.

For the year, the company's normalized net income totaled ¥124.84 per share, an increase of 11.2% from ¥112.26 per share in the prior year.

Normalized net income was ¥1.54 billion, an increase of 11.2% from ¥1.38 billion in the prior year.

Full-year total revenue grew year over year to ¥72.36 billion from ¥69.05 billion, and total operating expenses rose on an annual basis to ¥70.00 billion from ¥66.93 billion.

The company said reported net income increased 33.1% year over year to ¥1.24 billion, or ¥100.81 per share, in the full year, from ¥933.0 million, or ¥75.73 per share.

As of Nov. 25, US$1 was equivalent to ¥122.85.