TSI Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 came to a loss of ¥6.59 per share, compared with a loss of ¥3.60 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥706.1 million, compared with a loss of ¥388.4 million in the prior-year period.

The normalized profit margin fell to negative 1.5% from negative 0.8% in the year-earlier period.

Total revenue totaled ¥48.18 billion, compared with ¥48.00 billion in the prior-year period, and total operating expenses came to ¥49.38 billion, compared with ¥48.99 billion in the prior-year period.

Reported net income rose year over year to ¥1.55 billion, or ¥14.44 per share, from ¥520.0 million, or ¥4.82 per share.

For the year, the company's normalized net income totaled ¥12.02 per share, a gain from ¥1.65 per share in the prior year.

Normalized net income was ¥1.29 billion, an increase from ¥181.9 million in the prior year.

Full-year total revenue totaled ¥180.82 billion, compared with ¥181.97 billion in the prior year, and total operating expenses fell year over year to ¥179.98 billion from ¥183.08 billion.

The company said reported net income increased year over year to ¥2.29 billion, or ¥21.33 per share, in the full year, from ¥1.11 billion, or ¥10.06 per share.

As of May 29, US$1 was equivalent to ¥124.15.