Anrakutei Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥39.74 per share, a decline of 43.8% from ¥70.72 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥85.0 million, a decline of 44.7% from ¥153.8 million in the year-earlier period.

The normalized profit margin dropped to 1.9% from 3.4% in the year-earlier period.

Total revenue declined year over year to ¥4.37 billion from ¥4.47 billion, and total operating expenses came to ¥4.23 billion, compared with ¥4.20 billion in the prior-year period.

Reported net income declined 79.6% on an annual basis to ¥26.0 million, or ¥12.15 per share, from ¥127.2 million, or ¥58.52 per share.

For the year, the company's normalized net income totaled ¥123.88 per share, a decrease of 31.9% from ¥181.84 per share in the prior year.

Normalized net income was ¥265.0 million, a fall of 33.0% from ¥395.6 million in the prior year.

Full-year total revenue declined on an annual basis to ¥17.27 billion from ¥17.48 billion, and total operating expenses came to ¥16.70 billion, compared with ¥16.77 billion in the prior-year period.

The company said reported net income rose 9.5% on an annual basis to ¥375.0 million, or ¥175.31 per share, in the full year, from ¥342.5 million, or ¥157.40 per share.

As of June 29, US$1 was equivalent to ¥122.67.