Fujiya Co. Ltd. said its normalized net income for the fourth quarter came to ¥45.99 per share, a gain of 27.7% from ¥36.01 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.19 billion, an increase of 27.7% from ¥928.3 million in the prior-year period.
The normalized profit margin rose to 3.8% from 2.9% in the year-earlier period.
Total revenue fell on an annual basis to ¥30.84 billion from ¥31.96 billion, and total operating expenses fell 5.1% from the prior-year period to ¥28.66 billion from ¥30.21 billion.
Reported net income grew 42.8% from the prior-year period to ¥1.72 billion, or ¥66.77 per share, from ¥1.21 billion, or ¥46.75 per share.
For the year, the company's normalized net income totaled ¥19.34 per share, a gain of 26.6% from ¥15.29 per share in the prior year.
Normalized net income was ¥498.6 million, a gain of 26.6% from ¥394.0 million in the prior year.
Full-year total revenue totaled ¥104.02 billion, compared with ¥104.11 billion in the prior year, and total operating expenses totaled ¥102.54 billion, compared with ¥103.22 billion in the prior-year period.
The company said reported net income came to ¥146.0 million, or ¥5.66 per share, in the full year, compared with a loss of ¥110.0 million, or a loss of ¥4.27 per share, the prior year.
As of March 25, US$1 was equivalent to ¥113.11.