Resorttrust Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥27.33 per share, a gain from ¥6.65 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.71 billion, a gain from ¥650.9 million in the year-earlier period.

The normalized profit margin was 9.2%.

Total revenue grew on an annual basis to ¥29.54 billion from ¥28.30 billion, and total operating expenses climbed year over year to ¥28.73 billion from ¥27.49 billion.

Reported net income came to a loss of ¥378.0 million, or a loss of ¥3.72 per share, compared to a loss of ¥58.0 million, or a loss of 62 sen per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥135.15 per share, an increase of 33.4% from ¥101.34 per share in the prior year.

Normalized net income was ¥14.71 billion, a rise of 40.6% from ¥10.46 billion in the prior year.

Full-year total revenue increased on an annual basis to ¥120.40 billion from ¥116.83 billion, and total operating expenses increased year over year to ¥104.33 billion from ¥100.62 billion.

The company said reported net income rose 37.5% year over year to ¥11.83 billion, or ¥108.70 per share, in the full year, from ¥8.61 billion, or ¥83.35 per share.

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