Chori Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥35.80 per share, a decline of 15.3% from ¥42.29 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥877.8 million, a decline of 15.3% from ¥1.04 billion in the prior-year period.
The normalized profit margin dropped to 1.3% from 1.7% in the year-earlier period.
Total revenue grew year over year to ¥65.48 billion from ¥62.47 billion, and total operating expenses grew 5.7% on an annual basis to ¥64.28 billion from ¥60.83 billion.
Reported net income fell 42.3% year over year to ¥584.0 million, or ¥23.82 per share, from ¥1.01 billion, or ¥41.28 per share.
For the year, the company's normalized net income totaled ¥151.85 per share, an increase from ¥148.44 per share in the prior year.
Normalized net income was ¥3.72 billion, an increase from ¥3.64 billion in the prior year.
Full-year total revenue grew on an annual basis to ¥248.40 billion from ¥244.29 billion, and total operating expenses rose year over year to ¥242.89 billion from ¥238.79 billion.
The company said reported net income grew 11.8% year over year to ¥4.15 billion, or ¥169.39 per share, in the full year, from ¥3.71 billion, or ¥151.51 per share.
As of June 16, US$1 was equivalent to ¥123.45.
