Qol Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥21.48 per share, an increase from ¥4.50 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥756.9 million, an increase from ¥146.9 million in the prior-year period.

The normalized profit margin rose to 2.6% from 0.6% in the year-earlier period.

Total revenue climbed 13.1% on an annual basis to ¥29.16 billion from ¥25.78 billion, and total operating expenses climbed 9.3% on an annual basis to ¥27.96 billion from ¥25.58 billion.

Reported net income totaled ¥599.0 million, or ¥17.00 per share, compared to a loss of ¥129.0 million, or a loss of ¥3.96 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥78.02 per share, a gain of 76.6% from ¥44.19 per share in the prior year.

Normalized net income was ¥2.66 billion, a gain of 94.1% from ¥1.37 billion in the prior year.

Full-year total revenue grew 13.3% year over year to ¥114.36 billion from ¥100.97 billion, and total operating expenses rose 11.4% on an annual basis to ¥110.12 billion from ¥98.86 billion.

The company said reported net income rose year over year to ¥2.15 billion, or ¥63.31 per share, in the full year, from ¥777.0 million, or ¥25.10 per share.

As of June 25, US$1 was equivalent to ¥123.71.