JP-Holdings Inc. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥5.44 per share, a gain from ¥2.29 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥453.8 million, an increase from ¥191.3 million in the prior-year period.
The normalized profit margin increased to 8.2% from 4.1% in the year-earlier period.
Total revenue rose 18.7% year over year to ¥5.50 billion from ¥4.64 billion, and total operating expenses grew 9.5% on an annual basis to ¥4.76 billion from ¥4.34 billion.
Reported net income increased on an annual basis to ¥404.0 million, or ¥4.84 per share, from ¥200.0 million, or ¥2.40 per share.
For the year, the company's normalized net income totaled ¥13.33 per share, an increase of 23.9% from ¥10.76 per share in the prior year.
Normalized net income was ¥1.11 billion, a rise of 23.9% from ¥898.1 million in the prior year.
Full-year total revenue rose 15.0% on an annual basis to ¥20.55 billion from ¥17.87 billion, and total operating expenses rose 13.9% on an annual basis to ¥18.82 billion from ¥16.52 billion.
The company said reported net income grew 18.5% on an annual basis to ¥1.07 billion, or ¥12.83 per share, in the full year, from ¥904.0 million, or ¥10.83 per share.
As of June 30, US$1 was equivalent to ¥102.42.