Toso Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥26.17 per share, a decline of 7.9% from ¥28.40 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥274.9 million, a decrease of 7.8% from ¥298.1 million in the year-earlier period.

The normalized profit margin climbed to 4.4% from 4.3% in the year-earlier period.

Total revenue decreased 8.8% on an annual basis to ¥6.28 billion from ¥6.89 billion, and total operating expenses decreased 9.1% from the prior-year period to ¥5.82 billion from ¥6.40 billion.

Reported net income grew year over year to ¥288.0 million, or ¥27.42 per share, from ¥100.0 million, or ¥9.53 per share.

For the year, the company's normalized net income totaled ¥45.41 per share, a decline of 23.5% from ¥59.36 per share in the prior year.

Normalized net income was ¥477.0 million, a decrease of 23.0% from ¥619.4 million in the prior year.

Full-year total revenue fell 6.1% year over year to ¥22.47 billion from ¥23.93 billion, and total operating expenses fell 5.4% year over year to ¥21.66 billion from ¥22.89 billion.

The company said reported net income rose 73.4% year over year to ¥345.0 million, or ¥32.84 per share, in the full year, from ¥199.0 million, or ¥19.07 per share.

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