Saftec Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥202.78 per share, a decrease of 9.0% from ¥222.75 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥101.3 million, a decrease of 9.0% from ¥111.3 million in the year-earlier period.

The normalized profit margin declined to 5.0% from 5.5% in the year-earlier period.

Total revenue totaled ¥2.04 billion, compared with ¥2.03 billion in the year-earlier period, and total operating expenses increased year over year to ¥1.87 billion from ¥1.84 billion.

Reported net income declined 9.2% on an annual basis to ¥89.0 million, or ¥178.25 per share, from ¥98.0 million, or ¥196.22 per share.

For the year, the company's normalized net income totaled ¥349.19 per share, a decrease of 29.7% from ¥496.84 per share in the prior year.

Normalized net income was ¥174.4 million, a fall of 29.7% from ¥248.1 million in the prior year.

Full-year total revenue amounted to ¥8.03 billion, compared with ¥8.06 billion in the prior year, and total operating expenses rose on an annual basis to ¥7.73 billion from ¥7.63 billion.

The company said reported net income fell 11.5% year over year to ¥216.0 million, or ¥432.54 per share, in the full year, from ¥244.0 million, or ¥488.58 per share.

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