BEAUTY GARAGE Inc. said its normalized net income for the fiscal fourth quarter ended April 30 came to ¥12.28 per share, a decline of 35.9% from ¥19.15 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥77.3 million, a decrease of 32.1% from ¥113.8 million in the prior-year period.

The normalized profit margin declined to 3.7% from 6.0% in the year-earlier period.

Total revenue rose 8.1% year over year to ¥2.06 billion from ¥1.91 billion, and total operating expenses grew 12.6% from the prior-year period to ¥1.94 billion from ¥1.72 billion.

Reported net income declined 20.3% from the prior-year period to ¥84.2 million, or ¥13.39 per share, from ¥105.7 million, or ¥17.79 per share.

For the year, the company's normalized net income totaled ¥40.73 per share, a gain of 31.0% from ¥31.10 per share in the prior year.

Normalized net income was ¥248.0 million, a rise of 34.1% from ¥185.0 million in the prior year.

Full-year total revenue rose 12.7% year over year to ¥7.28 billion from ¥6.46 billion, and total operating expenses rose 12.1% year over year to ¥6.90 billion from ¥6.15 billion.

The company said reported net income rose 44.5% year over year to ¥249.2 million, or ¥40.92 per share, in the full year, from ¥172.5 million, or ¥28.99 per share.

As of July 27, US$1 was equivalent to ¥123.11.