Yamazawa Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to ¥24.64 per share, a decrease of 5.5% from ¥26.08 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥270.0 million, a decline of 5.1% from ¥284.4 million in the year-earlier period.
The normalized profit margin declined to 0.9% from 1.1% in the year-earlier period.
Total revenue rose 6.3% on an annual basis to ¥28.75 billion from ¥27.04 billion, and total operating expenses climbed 6.5% on an annual basis to ¥28.34 billion from ¥26.61 billion.
Reported net income rose from the prior-year period to ¥420.5 million, or ¥38.38 per share, from ¥101.4 million, or ¥9.28 per share.
For the year, the company's normalized net income totaled ¥70.81 per share, a decrease from ¥72.44 per share in the prior year.
Normalized net income was ¥771.9 million, a decrease from ¥789.4 million in the prior year.
Full-year total revenue grew 8.3% on an annual basis to ¥112.09 billion from ¥103.53 billion, and total operating expenses grew 8.4% year over year to ¥110.90 billion from ¥102.30 billion.
The company said reported net income rose 68.8% on an annual basis to ¥396.5 million, or ¥36.37 per share, in the full year, from ¥234.8 million, or ¥21.50 per share.
As of May 28, US$1 was equivalent to ¥124.24.