Hiraki Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to 13 Japanese sen per share, a decrease of 97.6% from ¥5.38 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥625,000, a decrease of 97.6% from ¥26.3 million in the prior-year period.

The normalized profit margin dropped to 0.0% from 0.6% in the year-earlier period.

Total revenue came to ¥4.18 billion, compared with ¥4.16 billion in the prior-year period, and total operating expenses increased from the prior-year period to ¥4.18 billion from ¥4.09 billion.

Reported net income totaled a loss of ¥28.0 million, or a loss of ¥5.75 per share, compared to a loss of ¥46.0 million, or a loss of ¥9.43 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥65.58 per share, compared with ¥65.59 per share in the prior year.

Normalized net income was ¥319.4 million, compared with ¥320.0 million in the prior year.

Full-year total revenue amounted to ¥17.87 billion, compared with ¥17.81 billion in the prior year, and total operating expenses totaled ¥17.32 billion, compared with ¥17.22 billion in the prior-year period.

The company said reported net income increased 27.7% year over year to ¥286.0 million, or ¥58.73 per share, in the full year, from ¥224.0 million, or ¥45.91 per share.

As of June 30, US$1 was equivalent to ¥102.42.