Ya-Man Ltd. said its normalized net income for the fiscal fourth quarter ended April 30 came to ¥5.73 per share, a decline of 20.5% from ¥7.21 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥334.4 million, a decrease of 20.5% from ¥420.6 million in the year-earlier period.
The normalized profit margin fell to 8.0% from 10.4% in the year-earlier period.
Total revenue increased year over year to ¥4.17 billion from ¥4.03 billion, and total operating expenses climbed 8.0% on an annual basis to ¥3.61 billion from ¥3.34 billion.
Reported net income decreased 20.0% year over year to ¥329.0 million, or ¥5.64 per share, from ¥411.0 million, or ¥7.04 per share.
For the year, the company's normalized net income totaled ¥5.50 per share, an increase of 37.9% from ¥3.98 per share in the prior year.
Normalized net income was ¥320.6 million, a gain of 37.9% from ¥232.5 million in the prior year.
Full-year total revenue fell 7.0% on an annual basis to ¥13.36 billion from ¥14.37 billion, and total operating expenses declined 9.1% on an annual basis to ¥12.71 billion from ¥13.99 billion.
The company said reported net income grew 42.0% on an annual basis to ¥311.0 million, or ¥5.33 per share, in the full year, from ¥219.0 million, or ¥3.75 per share.
As of July 24, US$1 was equivalent to ¥123.70.