Chuo Malleable Iron Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥15.43 per share, an increase of 16.4% from ¥13.26 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥224.5 million, an increase of 16.4% from ¥192.9 million in the prior-year period.

The normalized profit margin rose to 3.6% from 3.2% in the year-earlier period.

Total revenue increased on an annual basis to ¥6.29 billion from ¥6.02 billion, and total operating expenses grew on an annual basis to ¥6.16 billion from ¥5.89 billion.

Reported net income rose 32.5% from the prior-year period to ¥367.0 million, or ¥25.23 per share, from ¥277.0 million, or ¥19.04 per share.

For the year, the company's normalized net income totaled ¥54.58 per share, a gain of 37.6% from ¥39.65 per share in the prior year.

Normalized net income was ¥794.0 million, a rise of 37.6% from ¥576.9 million in the prior year.

Full-year total revenue increased 5.1% year over year to ¥23.53 billion from ¥22.38 billion, and total operating expenses increased year over year to ¥22.93 billion from ¥22.09 billion.

The company said reported net income grew 60.5% year over year to ¥1.08 billion, or ¥74.24 per share, in the full year, from ¥673.0 million, or ¥46.26 per share.

As of June 24, US$1 was equivalent to ¥124.31.