Toho Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Jan. 31 amounted to ¥53.72 per share, a gain of 28.9% from ¥41.66 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥586.5 million, an increase of 28.9% from ¥454.9 million in the prior-year period.

The normalized profit margin increased to 1.1% from 0.8% in the year-earlier period.

Total revenue totaled ¥55.74 billion, compared with ¥55.31 billion in the year-earlier period, and total operating expenses totaled ¥54.86 billion, compared with ¥54.53 billion in the year-earlier period.

Reported net income declined 39.3% from the prior-year period to ¥196.0 million, or ¥17.95 per share, from ¥323.0 million, or ¥29.58 per share.

For the year, the company's normalized net income totaled ¥140.36 per share, a fall from ¥142.85 per share in the prior year.

Normalized net income was ¥1.53 billion, a decline from ¥1.56 billion in the prior year.

Full-year total revenue increased from the prior-year period to ¥215.06 billion from ¥209.00 billion, and total operating expenses grew year over year to ¥212.32 billion from ¥206.37 billion.

The company said reported net income rose year over year to ¥1.02 billion, or ¥93.15 per share, in the full year, from ¥1.00 billion, or ¥91.58 per share.

As of April 14, US$1 was equivalent to ¥109.17.