Goldwin Inc. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥27.87 per share, a decrease of 27.9% from ¥38.65 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥320.4 million, a decline of 29.7% from ¥455.9 million in the year-earlier period.

The normalized profit margin fell to 2.0% from 3.2% in the year-earlier period.

Total revenue grew 11.4% on an annual basis to ¥15.86 billion from ¥14.24 billion, and total operating expenses grew 13.6% on an annual basis to ¥16.18 billion from ¥14.25 billion.

Reported net income rose 59.8% on an annual basis to ¥270.0 million, or ¥23.49 per share, from ¥169.0 million, or ¥14.33 per share.

For the year, the company's normalized net income totaled ¥225.63 per share, an increase of 9.6% from ¥205.91 per share in the prior year.

Normalized net income was ¥2.63 billion, a gain of 8.4% from ¥2.43 billion in the prior year.

Full-year total revenue rose on an annual basis to ¥57.42 billion from ¥54.87 billion, and total operating expenses rose on an annual basis to ¥55.00 billion from ¥52.65 billion.

The company said reported net income rose 14.9% year over year to ¥3.47 billion, or ¥297.78 per share, in the full year, from ¥3.02 billion, or ¥256.43 per share.

As of June 25, US$1 was equivalent to ¥123.71.