Nippon Paint Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥25.17 per share, an increase from ¥24.01 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥7.97 billion, an increase of 27.2% from ¥6.26 billion in the year-earlier period.
The normalized profit margin climbed to 11.5% from 9.2% in the year-earlier period.
Total revenue climbed on an annual basis to ¥69.34 billion from ¥68.28 billion, and total operating expenses totaled ¥59.58 billion, compared with ¥59.53 billion in the prior-year period.
Reported net income increased 12.1% on an annual basis to ¥8.39 billion, or ¥26.50 per share, from ¥7.49 billion, or ¥28.69 per share.
For the year, the company's normalized net income totaled ¥101.66 per share, compared to EPS of ¥102.49 in the prior year.
Normalized net income was ¥28.38 billion, a rise from ¥26.91 billion in the prior year.
Full-year total revenue totaled ¥260.59 billion, compared with ¥260.58 billion in the prior year, and total operating expenses totaled ¥226.84 billion, compared with ¥227.19 billion in the year-earlier period.
The company said reported net income rose 464.4% year over year to ¥181.48 billion, or ¥650.04 per share, in the full year, from ¥32.16 billion, or ¥122.47 per share.
As of June 29, US$1 was equivalent to ¥122.67.