Fuji Oil Holdings Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥26.55 per share, an increase of 42.0% from ¥18.69 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.28 billion, a gain of 42.0% from ¥1.61 billion in the prior-year period.

The normalized profit margin climbed to 3.1% from 2.3% in the year-earlier period.

Total revenue increased on an annual basis to ¥73.12 billion from ¥70.33 billion, and total operating expenses rose on an annual basis to ¥68.91 billion from ¥66.94 billion.

Reported net income rose 49.9% from the prior-year period to ¥2.84 billion, or ¥33.05 per share, from ¥1.90 billion, or ¥22.05 per share.

For the year, the company's normalized net income totaled ¥97.57 per share, a gain from ¥93.10 per share in the prior year.

Normalized net income was ¥8.39 billion, a gain from ¥8.00 billion in the prior year.

Full-year total revenue rose 5.7% on an annual basis to ¥287.54 billion from ¥271.90 billion, and total operating expenses grew 5.0% year over year to ¥270.69 billion from ¥257.69 billion.

The company said reported net income fell year over year to ¥9.23 billion, or ¥107.34 per share, in the full year, from ¥9.33 billion, or ¥108.54 per share.

As of June 23, US$1 was equivalent to ¥105.69.