C'bon Cosmetics Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥25.16 per share, a decline of 66.6% from ¥75.33 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥101.3 million, a decline of 66.3% from ¥300.6 million in the year-earlier period.

The normalized profit margin fell to 3.0% from 7.5% in the year-earlier period.

Total revenue declined 15.2% on an annual basis to ¥3.42 billion from ¥4.03 billion, and total operating expenses fell 8.0% year over year to ¥3.28 billion from ¥3.57 billion.

Reported net income decreased 80.5% from the prior-year period to ¥51.0 million, or ¥12.67 per share, from ¥261.0 million, or ¥65.40 per share.

For the year, the company's normalized net income totaled ¥93.10 per share, a fall of 57.6% from ¥219.52 per share in the prior year.

Normalized net income was ¥373.1 million, a decline of 58.2% from ¥893.1 million in the prior year.

Full-year total revenue fell 7.2% from the prior-year period to ¥13.93 billion from ¥15.02 billion, and total operating expenses decreased on an annual basis to ¥13.39 billion from ¥13.65 billion.

The company said reported net income decreased 64.0% on an annual basis to ¥302.0 million, or ¥75.35 per share, in the full year, from ¥840.0 million, or ¥206.46 per share.

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