Ten Allied Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 10 Japanese sen per share, compared with a loss of ¥1.49 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.5 million, compared with a loss of ¥38.8 million in the year-earlier period.

The normalized profit margin rose to 0.1% from negative 1.0% in the year-earlier period.

Total revenue fell year over year to ¥3.83 billion from ¥3.89 billion, and total operating expenses decreased year over year to ¥3.83 billion from ¥3.96 billion.

Reported net income totaled a loss of ¥266.0 million, or a loss of ¥10.25 per share, compared to a loss of ¥1.37 billion, or a loss of ¥52.92 per share, in the prior-year period.

For the year, the company's normalized net income totaled 67 sen per share, compared with a loss of ¥2.55 per share in the prior year.

Normalized net income was ¥17.5 million, compared with a loss of ¥66.3 million in the prior year.

Full-year total revenue totaled ¥15.52 billion, compared with ¥15.50 billion in the prior year, and total operating expenses came to ¥15.48 billion, compared with ¥15.62 billion in the prior-year period.

The company said reported net income came to a loss of ¥355.0 million, or a loss of ¥13.67 per share, in the full year, compared with a loss of ¥1.57 billion, or a loss of ¥60.40 per share, the prior year.

As of June 29, US$1 was equivalent to ¥102.64.