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B-R 31 Ice Cream Q4 profit climbs 43.7% YOY

B-R 31 Ice Cream Co. Ltd. said its fourth-quarter normalized net income amounted to ¥11.09 per share, an increase of 43.7% from ¥7.72 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥106.9 million, a gain of 43.7% from ¥74.4 million in the year-earlier period.

The normalized profit margin climbed to 2.2% from 1.7% in the year-earlier period.

Total revenue increased 6.6% on an annual basis to ¥4.77 billion from ¥4.48 billion, and total operating expenses grew 6.0% year over year to ¥4.64 billion from ¥4.38 billion.

Reported net income came to ¥85.0 million, or ¥8.82 per share, compared to a loss of ¥21.0 million, or a loss of ¥2.18 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥336.9 million.

Full-year total revenue rose 6.2% from the prior-year period to ¥19.71 billion from ¥18.56 billion, and total operating expenses increased on an annual basis to ¥19.22 billion from ¥18.59 billion.

The company said reported net income came to ¥175.0 million, or ¥18.16 per share, in the full year, compared with a loss of ¥126.0 million, or a loss of ¥13.08 per share, the prior year.

As of March 17, US$1 was equivalent to ¥112.65.