Tachikawa Corp. said its fourth-quarter normalized net income was ¥25.28 per share, a gain from ¥6.71 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥492.0 million, an increase from ¥130.6 million in the year-earlier period.

The normalized profit margin climbed to 4.6% from 1.3% in the year-earlier period.

Total revenue rose 9.2% year over year to ¥10.79 billion from ¥9.88 billion, and total operating expenses grew from the prior-year period to ¥9.98 billion from ¥9.70 billion.

Reported net income grew on an annual basis to ¥444.0 million, or ¥22.82 per share, from ¥61.0 million, or ¥3.13 per share.

For the year, the company's normalized net income totaled ¥80.89 per share, an increase of 14.8% from ¥70.48 per share in the prior year.

Normalized net income was ¥1.57 billion, an increase of 14.8% from ¥1.37 billion in the prior year.

Full-year total revenue totaled ¥39.28 billion, compared with ¥38.95 billion in the prior year, and total operating expenses came to ¥36.75 billion, compared with ¥36.75 billion in the prior-year period.

The company said reported net income increased 47.3% year over year to ¥1.38 billion, or ¥70.76 per share, in the full year, from ¥935.0 million, or ¥48.04 per share.

As of March 30, US$1 was equivalent to ¥112.45.