J-Oil Mills Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of ¥3.22 per share, compared with ¥74.30 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥53.6 million, compared with income of ¥1.24 billion in the prior-year period.
The normalized profit margin fell to negative 0.1% from 2.5% in the year-earlier period.
Total revenue declined 6.1% on an annual basis to ¥46.01 billion from ¥49.01 billion, and total operating expenses decreased year over year to ¥46.38 billion from ¥47.22 billion.
Reported net income totaled a loss of ¥109.0 million, or a loss of ¥6.55 per share, compared to income of ¥1.10 billion, or ¥66.29 per share, in the prior-year period.
For the year, the company's normalized net income totaled ¥180.46 per share, a decrease of 28.9% from ¥253.88 per share in the prior year.
Normalized net income was ¥3.00 billion, a decrease of 29.0% from ¥4.23 billion in the prior year.
Full-year total revenue fell 5.5% year over year to ¥193.88 billion from ¥205.06 billion, and total operating expenses fell year over year to ¥189.69 billion from ¥198.80 billion.
The company said reported net income declined 20.6% year over year to ¥3.10 billion, or ¥186.62 per share, in the full year, from ¥3.91 billion, or ¥235.06 per share.
As of June 23, US$1 was equivalent to ¥123.88.