Marutai Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of ¥17.98 per share, compared with a loss of ¥61.80 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥34.4 million, compared with a loss of ¥118.1 million in the year-earlier period.

The normalized profit margin increased to negative 2.0% from negative 6.5% in the year-earlier period.

Total revenue declined on an annual basis to ¥1.76 billion from ¥1.81 billion, and total operating expenses fell 9.0% from the prior-year period to ¥1.82 billion from ¥2.00 billion.

Reported net income came to a loss of ¥62.0 million, or a loss of ¥32.43 per share, compared to a loss of ¥196.0 million, or a loss of ¥102.54 per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of ¥65.41 per share, compared with a loss of ¥184.43 per share in the prior year.

Normalized net income was a loss of ¥125.0 million, compared with a loss of ¥352.5 million in the prior year.

Full-year total revenue declined from the prior-year period to ¥7.21 billion from ¥7.51 billion, and total operating expenses decreased 7.9% on an annual basis to ¥7.46 billion from ¥8.10 billion.

The company said reported net income totaled a loss of ¥228.0 million, or a loss of ¥119.30 per share, in the full year, compared with a loss of ¥579.0 million, or a loss of ¥302.94 per share, the prior year.

As of June 19, US$1 was equivalent to ¥122.78.