Tabio Corp. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was ¥16.70 per share, an increase from ¥16.24 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥113.8 million, a gain from ¥110.6 million in the year-earlier period.

The normalized profit margin declined to 2.5% from 2.6% in the year-earlier period.

Total revenue grew 5.0% year over year to ¥4.54 billion from ¥4.32 billion, and total operating expenses increased on an annual basis to ¥4.36 billion from ¥4.16 billion.

Reported net income declined 32.0% from the prior-year period to ¥68.0 million, or ¥9.98 per share, from ¥100.0 million, or ¥14.68 per share.

For the year, the company's normalized net income totaled ¥70.92 per share, a gain of 31.9% from ¥53.77 per share in the prior year.

Normalized net income was ¥483.1 million, a rise of 31.9% from ¥366.3 million in the prior year.

Full-year total revenue increased 6.1% year over year to ¥16.81 billion from ¥15.84 billion, and total operating expenses rose year over year to ¥16.07 billion from ¥15.30 billion.

The company said reported net income increased 27.3% on an annual basis to ¥387.0 million, or ¥56.81 per share, in the full year, from ¥304.0 million, or ¥44.63 per share.

As of May 26, US$1 was equivalent to ¥123.07.