Nissan Motor Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥23.51 per share, a decrease of 5.3% from ¥24.81 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥98.57 billion, a decrease of 5.2% from ¥104.00 billion in the year-earlier period.
The normalized profit margin was 3.4%.
Total revenue grew year over year to ¥3.287 trillion from ¥3.204 trillion, and total operating expenses climbed year over year to ¥3.115 trillion from ¥3.015 trillion.
Reported net income grew year over year to ¥118.75 billion, or ¥28.32 per share, from ¥114.97 billion, or ¥27.42 per share.
For the year, the company's normalized net income totaled ¥104.44 per share, compared to ¥72.58 in the prior year.
Normalized net income was ¥437.86 billion, a gain from ¥304.20 billion in the prior year.
Full-year total revenue rose year over year to ¥11.375 trillion from ¥10.483 trillion, and total operating expenses increased on an annual basis to ¥10.786 trillion from ¥9.993 trillion.
The company said reported net income rose year over year to ¥457.56 billion, or ¥109.14 per share, in the full year, from ¥389.05 billion, or ¥92.82 per share.
As of June 25, US$1 was equivalent to ¥123.71.