Nitori Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 20 was ¥79.99 per share, a decrease of 15.3% from ¥94.44 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.87 billion, a decline of 14.7% from ¥10.39 billion in the year-earlier period.
The normalized profit margin fell to 8.3% from 10.0% in the year-earlier period.
Total revenue increased year over year to ¥106.80 billion from ¥104.16 billion, and total operating expenses rose 6.2% on an annual basis to ¥93.00 billion from ¥87.61 billion.
Reported net income fell 6.8% from the prior-year period to ¥9.59 billion, or ¥86.49 per share, from ¥10.28 billion, or ¥93.48 per share.
For the year, the company's normalized net income totaled ¥382.12 per share, an increase of 6.2% from ¥359.70 per share in the prior year.
Normalized net income was ¥42.27 billion, an increase of 7.0% from ¥39.52 billion in the prior year.
Full-year total revenue rose 7.7% year over year to ¥417.29 billion from ¥387.61 billion, and total operating expenses increased 8.1% on an annual basis to ¥350.98 billion from ¥324.53 billion.
The company said reported net income rose 7.9% on an annual basis to ¥41.45 billion, or ¥374.73 per share, in the full year, from ¥38.43 billion, or ¥349.74 per share.
As of May 12, US$1 was equivalent to ¥119.88.
