As-me Estelle Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥34.73 per share, a decrease of 44.6% from ¥62.75 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥387.5 million, a decrease of 44.6% from ¥700.0 million in the prior-year period.

The normalized profit margin fell to 4.3% from 7.1% in the year-earlier period.

Total revenue decreased 7.4% on an annual basis to ¥9.08 billion from ¥9.81 billion, and total operating expenses declined from the prior-year period to ¥8.50 billion from ¥8.81 billion.

Reported net income fell 43.2% from the prior-year period to ¥479.0 million, or ¥42.94 per share, from ¥843.0 million, or ¥75.56 per share.

For the year, the company's normalized net income totaled ¥59.27 per share, a fall of 59.9% from ¥147.68 per share in the prior year.

Normalized net income was ¥661.3 million, a decrease of 59.9% from ¥1.65 billion in the prior year.

Full-year total revenue declined on an annual basis to ¥33.78 billion from ¥34.42 billion, and total operating expenses increased year over year to ¥32.74 billion from ¥32.16 billion.

The company said reported net income decreased 56.5% on an annual basis to ¥722.0 million, or ¥64.72 per share, in the full year, from ¥1.66 billion, or ¥148.89 per share.

As of June 29, US$1 was equivalent to ¥122.67.