Zensho Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥2.41 per share, a decline of 76.0% from ¥10.04 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥358.5 million, a decline of 71.8% from ¥1.27 billion in the year-earlier period.
The normalized profit margin declined to 0.3% from 1.1% in the year-earlier period.
Total revenue climbed 6.5% on an annual basis to ¥128.40 billion from ¥120.59 billion, and total operating expenses increased 7.7% year over year to ¥127.34 billion from ¥118.23 billion.
Reported net income totaled a loss of ¥8.59 billion, or a loss of ¥57.82 per share, compared to income of ¥386.0 million, or ¥3.05 per share, in the year-earlier period.
For the year, the company's normalized net income totaled ¥6.20 per share, a fall of 82.1% from ¥34.54 per share in the prior year.
Normalized net income was ¥920.9 million, a decrease of 78.2% from ¥4.23 billion in the prior year.
Full-year total revenue increased 9.3% on an annual basis to ¥511.81 billion from ¥468.38 billion, and total operating expenses increased 10.7% year over year to ¥509.31 billion from ¥460.24 billion.
The company said reported net income came to a loss of ¥11.14 billion, or a loss of ¥74.96 per share, in the full year, compared with income of ¥1.10 billion, or ¥9.01 per share, the prior year.
As of June 22, US$1 was equivalent to ¥123.23.