Tokyo Base Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 29 amounted to ¥164.4 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 8.6%.

Total revenue totaled ¥1.92 billion, and total operating expenses totaled ¥1.66 billion.

Reported net income came to ¥188.0 million, or ¥72.48 per share.

For the year, the company's normalized net income totaled ¥160.55 per share, a fall of 15.9% from ¥190.85 per share in the prior year.

Normalized net income was ¥403.1 million, a gain from ¥391.3 million in the prior year.

Full-year total revenue rose 36.2% year over year to ¥6.09 billion from ¥4.47 billion, and total operating expenses increased 41.3% year over year to ¥5.43 billion from ¥3.84 billion.

The company said reported net income rose 12.2% on an annual basis to ¥432.0 million, or ¥172.05 per share, in the full year, from ¥385.0 million, or ¥187.80 per share.

As of May 30, US$1 was equivalent to ¥111.07.