Satoh & Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥20.62 per share, an increase of 9.7% from ¥18.80 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥184.4 million, a gain of 9.7% from ¥168.1 million in the year-earlier period.

The normalized profit margin increased to 1.7% from 1.6% in the year-earlier period.

Total revenue climbed year over year to ¥10.85 billion from ¥10.69 billion, and total operating expenses climbed from the prior-year period to ¥10.63 billion from ¥10.47 billion.

Reported net income increased 57.1% on an annual basis to ¥256.0 million, or ¥28.63 per share, from ¥163.0 million, or ¥18.23 per share.

For the year, the company's normalized net income totaled ¥92.69 per share, a gain of 15.1% from ¥80.53 per share in the prior year.

Normalized net income was ¥828.8 million, an increase of 15.1% from ¥720.0 million in the prior year.

Full-year total revenue rose from the prior-year period to ¥46.66 billion from ¥45.22 billion, and total operating expenses grew year over year to ¥45.58 billion from ¥44.28 billion.

The company said reported net income rose 28.1% on an annual basis to ¥902.0 million, or ¥100.88 per share, in the full year, from ¥704.0 million, or ¥78.74 per share.

As of June 26, US$1 was equivalent to ¥123.96.