STUDIO ALICE Co.Ltd. said its normalized net income for the fourth quarter was ¥174.47 per share, an increase of 5.4% from ¥165.53 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.96 billion, an increase of 5.4% from ¥2.81 billion in the year-earlier period.

The normalized profit margin climbed to 20.7% from 20.0% in the year-earlier period.

Total revenue grew year over year to ¥14.30 billion from ¥14.05 billion, and total operating expenses totaled ¥9.47 billion, compared with ¥9.46 billion in the prior-year period.

Reported net income rose 9.0% year over year to ¥2.93 billion, or ¥172.44 per share, from ¥2.69 billion, or ¥158.26 per share.

For the year, the company's normalized net income totaled ¥189.78 per share, a gain of 39.1% from ¥136.44 per share in the prior year.

Normalized net income was ¥3.22 billion, a rise of 39.0% from ¥2.32 billion in the prior year.

Full-year total revenue grew on an annual basis to ¥38.14 billion from ¥37.06 billion, and total operating expenses came to ¥32.84 billion, compared with ¥33.16 billion in the year-earlier period.

The company said reported net income rose 54.8% year over year to ¥2.71 billion, or ¥159.50 per share, in the full year, from ¥1.75 billion, or ¥102.94 per share.

As of March 30, US$1 was equivalent to ¥112.45.