Alpha Group Inc. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥29.61 per share, a decline of 35.0% from ¥45.57 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥98.8 million, a decline of 26.9% from ¥135.0 million in the year-earlier period.

The normalized profit margin fell to 1.0% from 1.5% in the year-earlier period.

Total revenue increased 12.1% year over year to ¥10.02 billion from ¥8.94 billion, and total operating expenses climbed 12.9% from the prior-year period to ¥9.85 billion from ¥8.72 billion.

Reported net income increased year over year to ¥191.0 million, or ¥57.26 per share, from ¥25.0 million, or ¥8.44 per share.

For the year, the company's normalized net income totaled ¥87.53 per share, a decline from ¥89.74 per share in the prior year.

Normalized net income was ¥276.9 million, an increase from ¥265.6 million in the prior year.

Full-year total revenue increased 10.1% on an annual basis to ¥31.49 billion from ¥28.59 billion, and total operating expenses grew 10.1% on an annual basis to ¥30.98 billion from ¥28.15 billion.

The company said reported net income rose year over year to ¥397.0 million, or ¥125.50 per share, in the full year, from ¥94.7 million, or ¥31.78 per share.

As of June 29, US$1 was equivalent to ¥122.67.