Bourbon Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥33.43 per share, a gain of 69.2% from ¥19.76 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥811.3 million, an increase of 69.2% from ¥479.4 million in the year-earlier period.

The normalized profit margin increased to 2.9% from 1.7% in the year-earlier period.

Total revenue rose year over year to ¥28.37 billion from ¥27.54 billion, and total operating expenses increased year over year to ¥27.13 billion from ¥26.80 billion.

Reported net income came to ¥423.0 million, or ¥17.43 per share, compared to a loss of ¥689.0 million, or a loss of ¥28.40 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥99.53 per share, an increase of 59.1% from ¥62.54 per share in the prior year.

Normalized net income was ¥2.42 billion, an increase of 59.9% from ¥1.51 billion in the prior year.

Full-year total revenue rose from the prior-year period to ¥104.94 billion from ¥103.82 billion, and total operating expenses totaled ¥101.60 billion, compared with ¥101.94 billion in the prior-year period.

The company said reported net income rose year over year to ¥1.97 billion, or ¥81.03 per share, in the full year, from ¥405.0 million, or ¥16.78 per share.

As of June 26, US$1 was equivalent to ¥123.96.