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Business Breakthrough Inc. fiscal Q4 profit falls YOY

Business Breakthrough Inc. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥3.83 per share, a decline of 8.3% from ¥4.17 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥43.8 million, a decline of 10.3% from ¥48.8 million in the year-earlier period.

The normalized profit margin declined to 4.0% from 4.7% in the year-earlier period.

Total revenue grew on an annual basis to ¥1.08 billion from ¥1.04 billion, and total operating expenses grew year over year to ¥1.01 billion from ¥968.0 million.

Reported net income rose from the prior-year period to ¥95.3 million, or ¥8.33 per share, from ¥37.2 million, or ¥3.19 per share.

For the year, the company's normalized net income totaled ¥15.53 per share, an increase of 12.1% from ¥13.85 per share in the prior year.

Normalized net income was ¥178.8 million, a gain of 10.9% from ¥161.3 million in the prior year.

Full-year total revenue rose 22.8% year over year to ¥3.76 billion from ¥3.06 billion, and total operating expenses grew 24.2% year over year to ¥3.49 billion from ¥2.81 billion.

The company said reported net income increased 59.1% year over year to ¥216.7 million, or ¥18.83 per share, in the full year, from ¥136.2 million, or ¥11.70 per share.

As of June 26, US$1 was equivalent to ¥123.96.