TOA Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥31.09 per share, a decline of 8.5% from ¥33.99 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.05 billion, a decrease of 8.5% from ¥1.15 billion in the year-earlier period.
The normalized profit margin dropped to 7.1% from 8.5% in the year-earlier period.
Total revenue grew 9.3% on an annual basis to ¥14.81 billion from ¥13.55 billion, and total operating expenses rose 12.0% year over year to ¥12.89 billion from ¥11.51 billion.
Reported net income decreased 5.5% year over year to ¥1.21 billion, or ¥35.64 per share, from ¥1.28 billion, or ¥37.71 per share.
For the year, the company's normalized net income totaled ¥76.90 per share, an increase from ¥73.67 per share in the prior year.
Normalized net income was ¥2.60 billion, a gain from ¥2.49 billion in the prior year.
Full-year total revenue rose 6.5% on an annual basis to ¥45.15 billion from ¥42.41 billion, and total operating expenses rose 7.2% on an annual basis to ¥40.91 billion from ¥38.15 billion.
The company said reported net income grew 9.5% on an annual basis to ¥2.95 billion, or ¥87.02 per share, in the full year, from ¥2.69 billion, or ¥79.49 per share.
As of June 24, US$1 was equivalent to ¥124.31.