Choushimaru Co. Ltd. said its normalized net income for the fiscal fourth quarter ended May 15 amounted to ¥59.42 per share, a decline of 24.0% from ¥78.15 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥172.5 million, a decrease of 24.0% from ¥226.9 million in the prior-year period.

The normalized profit margin declined to 3.6% from 4.8% in the year-earlier period.

Total revenue rose on an annual basis to ¥4.76 billion from ¥4.71 billion, and total operating expenses climbed on an annual basis to ¥4.49 billion from ¥4.36 billion.

Reported net income fell 34.2% year over year to ¥133.0 million, or ¥45.81 per share, from ¥202.0 million, or ¥69.58 per share.

For the year, the company's normalized net income totaled ¥246.94 per share, a decrease from ¥250.39 per share in the prior year.

Normalized net income was ¥716.9 million, a fall from ¥726.9 million in the prior year.

Full-year total revenue rose on an annual basis to ¥19.09 billion from ¥18.34 billion, and total operating expenses increased year over year to ¥17.97 billion from ¥17.21 billion.

The company said reported net income increased 5.8% on an annual basis to ¥641.0 million, or ¥220.81 per share, in the full year, from ¥606.0 million, or ¥208.75 per share.

As of Aug. 6, US$1 was equivalent to ¥124.71.