Kanmonkai Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥16.16 per share, a gain of 9.4% from ¥14.77 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥160.0 million, an increase of 16.4% from ¥137.5 million in the year-earlier period.

The normalized profit margin rose to 9.9% from 8.3% in the year-earlier period.

Total revenue decreased on an annual basis to ¥1.61 billion from ¥1.66 billion, and total operating expenses decreased 5.7% year over year to ¥1.34 billion from ¥1.42 billion.

Reported net income grew 6.0% on an annual basis to ¥159.0 million, or ¥16.06 per share, from ¥150.0 million, or ¥16.12 per share.

For the year, the company's normalized net income totaled ¥9.04 per share, an increase from ¥4.03 per share in the prior year.

Normalized net income was ¥86.9 million, an increase from ¥37.5 million in the prior year.

Full-year total revenue declined year over year to ¥5.12 billion from ¥5.28 billion, and total operating expenses fell on an annual basis to ¥4.92 billion from ¥5.15 billion.

The company said reported net income came to ¥42.0 million, or ¥4.37 per share, in the full year, compared with a loss of ¥40.0 million, or a loss of ¥4.30 per share, the prior year.

As of June 23, US$1 was equivalent to ¥123.88.