Oriental Land Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥38.50 per share, a gain of 36.8% from ¥28.13 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥13.24 billion, a gain of 36.4% from ¥9.71 billion in the prior-year period.
The normalized profit margin rose to 11.3% from 8.8% in the year-earlier period.
Total revenue rose 5.7% year over year to ¥117.18 billion from ¥110.90 billion, and total operating expenses came to ¥96.14 billion, compared with ¥95.69 billion in the year-earlier period.
Reported net income grew 60.1% from the prior-year period to ¥17.11 billion, or ¥49.75 per share, from ¥10.69 billion, or ¥30.97 per share.
For the year, the company's normalized net income totaled ¥208.24 per share, compared to EPS of ¥197.78 in the prior year.
Normalized net income was ¥71.70 billion, a rise from ¥68.26 billion in the prior year.
Full-year total revenue grew year over year to ¥477.75 billion from ¥465.35 billion, and total operating expenses grew year over year to ¥364.60 billion from ¥358.00 billion.
The company said reported net income increased year over year to ¥82.62 billion, or ¥239.95 per share, in the full year, from ¥74.17 billion, or ¥214.90 per share.
As of June 29, US$1 was equivalent to ¥112.60.