Bull-Dog Sauce Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥15.18 per share, an increase of 48.2% from ¥10.24 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥103.8 million, an increase of 48.2% from ¥70.0 million in the prior-year period.

The normalized profit margin rose to 2.5% from 1.8% in the year-earlier period.

Total revenue increased year over year to ¥4.07 billion from ¥3.95 billion, and total operating expenses climbed from the prior-year period to ¥3.91 billion from ¥3.84 billion.

Reported net income increased 20.2% on an annual basis to ¥119.0 million, or ¥17.41 per share, from ¥99.0 million, or ¥14.49 per share.

For the year, the company's normalized net income totaled ¥84.24 per share, a decline from ¥85.70 per share in the prior year.

Normalized net income was ¥575.6 million, a decrease from ¥585.6 million in the prior year.

Full-year total revenue rose year over year to ¥16.67 billion from ¥16.45 billion, and total operating expenses rose on an annual basis to ¥15.88 billion from ¥15.64 billion.

The company said reported net income grew 10.0% on an annual basis to ¥728.0 million, or ¥106.54 per share, in the full year, from ¥662.0 million, or ¥96.88 per share.

As of June 28, US$1 was equivalent to ¥102.79.