Yamaya Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥43.70 per share, a gain of 9.1% from ¥40.06 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥473.8 million, an increase of 9.1% from ¥434.4 million in the year-earlier period.

The normalized profit margin rose to 1.2% from 1.1% in the year-earlier period.

Total revenue came to ¥38.50 billion, compared with ¥38.22 billion in the prior-year period, and total operating expenses totaled ¥37.31 billion, compared with ¥37.09 billion in the year-earlier period.

Reported net income rose 58.6% from the prior-year period to ¥276.0 million, or ¥25.46 per share, from ¥174.0 million, or ¥16.05 per share.

For the year, the company's normalized net income totaled ¥270.42 per share, an increase of 28.3% from ¥210.81 per share in the prior year.

Normalized net income was ¥2.93 billion, an increase of 28.3% from ¥2.29 billion in the prior year.

Full-year total revenue rose from the prior-year period to ¥169.37 billion from ¥163.16 billion, and total operating expenses grew year over year to ¥162.82 billion from ¥157.66 billion.

The company said reported net income rose 46.3% on an annual basis to ¥2.36 billion, or ¥217.86 per share, in the full year, from ¥1.61 billion, or ¥148.87 per share.

As of June 24, US$1 was equivalent to ¥102.09.