TPR Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥66.80 per share, an increase of 8.4% from ¥61.63 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.36 billion, a gain of 8.5% from ¥2.18 billion in the year-earlier period.

The normalized profit margin declined to 5.0% from 5.3% in the year-earlier period.

Total revenue rose 13.9% year over year to ¥47.02 billion from ¥41.27 billion, and total operating expenses rose 10.9% year over year to ¥41.05 billion from ¥37.03 billion.

Reported net income increased on an annual basis to ¥3.74 billion, or ¥105.72 per share, from ¥1.39 billion, or ¥39.47 per share.

For the year, the company's normalized net income totaled ¥279.30 per share, an increase of 39.5% from ¥200.24 per share in the prior year.

Normalized net income was ¥9.87 billion, an increase of 39.8% from ¥7.06 billion in the prior year.

Full-year total revenue rose 11.2% from the prior-year period to ¥165.85 billion from ¥149.08 billion, and total operating expenses increased 8.1% year over year to ¥146.46 billion from ¥135.53 billion.

The company said reported net income grew 98.8% year over year to ¥12.66 billion, or ¥358.23 per share, in the full year, from ¥6.37 billion, or ¥180.53 per share.

As of June 26, US$1 was equivalent to ¥123.96.