Miroku Corp. said its normalized net income for the fiscal fourth quarter ended Oct. 31, 2015, amounted to ¥1.93 per share, a gain of 73.1% from ¥1.12 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥28.1 million, a gain of 73.1% from ¥16.3 million in the prior-year period.

The normalized profit margin climbed to 0.9% from 0.5% in the year-earlier period.

Total revenue declined year over year to ¥3.00 billion from ¥3.14 billion, and total operating expenses decreased 7.4% on an annual basis to ¥2.89 billion from ¥3.12 billion.

Reported net income totaled ¥54.0 million, or ¥3.71 per share, compared to a loss of ¥2.0 million, or a loss of 14 sen per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥37.23 per share, a decline from ¥38.00 per share in the prior year.

Normalized net income was ¥541.3 million, a fall from ¥552.5 million in the prior year.

Full-year total revenue decreased 6.3% year over year to ¥11.95 billion from ¥12.74 billion, and total operating expenses declined 7.6% on an annual basis to ¥11.13 billion from ¥12.05 billion.

The company said reported net income fell 18.1% year over year to ¥526.0 million, or ¥36.18 per share, in the full year, from ¥642.0 million, or ¥44.16 per share.

As of Jan. 28, US$1 was equivalent to ¥118.74.