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Endo Manufacturing fiscal Q4 profit climbs YOY

Endo Manufacturing Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥15.25 per share, an increase from ¥5.80 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥133.1 million, an increase from ¥50.6 million in the year-earlier period.

The normalized profit margin climbed to 3.9% from 1.7% in the year-earlier period.

Total revenue grew 11.9% on an annual basis to ¥3.42 billion from ¥3.06 billion, and total operating expenses increased 10.3% year over year to ¥3.32 billion from ¥3.01 billion.

Reported net income came to a loss of ¥22.0 million, or a loss of ¥2.52 per share, compared to a loss of ¥434.0 million, or a loss of ¥49.71 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥27.92 per share, a gain of 76.5% from ¥15.82 per share in the prior year.

Normalized net income was ¥243.8 million, a gain of 76.5% from ¥138.1 million in the prior year.

Full-year total revenue decreased 13.1% year over year to ¥13.81 billion from ¥15.90 billion, and total operating expenses declined 14.0% on an annual basis to ¥13.68 billion from ¥15.90 billion.

The company said reported net income came to a loss of ¥301.0 million, or a loss of ¥34.48 per share, in the full year, compared with a loss of ¥569.0 million, or a loss of ¥65.18 per share, the prior year.

As of June 25, US$1 was equivalent to ¥123.71.