Toshin Corp. said its normalized net income for the fiscal fourth quarter ended April 30 amounted to a loss of 59 Japanese sen per share, compared with ¥12.85 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥3.8 million, compared with income of ¥81.3 million in the year-earlier period.

The normalized profit margin fell to negative 0.1% from 1.2% in the year-earlier period.

Total revenue came to ¥6.95 billion, compared with ¥6.94 billion in the prior-year period, and total operating expenses climbed from the prior-year period to ¥6.94 billion from ¥6.78 billion.

Reported net income totaled a loss of ¥110.0 million, or a loss of ¥17.40 per share, compared to income of ¥97.0 million, or ¥15.34 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥9.19 per share, a fall of 82.3% from ¥51.87 per share in the prior year.

Normalized net income was ¥58.1 million, a decrease of 82.3% from ¥328.1 million in the prior year.

Full-year total revenue declined year over year to ¥26.18 billion from ¥27.18 billion, and total operating expenses declined year over year to ¥26.03 billion from ¥26.59 billion.

The company said reported net income totaled a loss of ¥89.0 million, or a loss of ¥14.07 per share, in the full year, compared with income of ¥328.0 million, or ¥51.85 per share, the prior year.

As of July 24, US$1 was equivalent to ¥123.70.