Ohsho Food Service Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥55.57 per share, an increase of 12.5% from ¥49.38 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.09 billion, an increase of 9.2% from ¥996.9 million in the year-earlier period.

The normalized profit margin climbed to 5.9% from 5.2% in the year-earlier period.

Total revenue declined on an annual basis to ¥18.53 billion from ¥19.34 billion, and total operating expenses decreased 5.0% year over year to ¥16.93 billion from ¥17.83 billion.

Reported net income decreased 14.2% from the prior-year period to ¥1.03 billion, or ¥52.72 per share, from ¥1.20 billion, or ¥59.65 per share.

For the year, the company's normalized net income totaled ¥202.00 per share, a fall of 9.7% from ¥223.79 per share in the prior year.

Normalized net income was ¥3.98 billion, a decline of 12.0% from ¥4.52 billion in the prior year.

Full-year total revenue amounted to ¥75.82 billion, compared with ¥76.28 billion in the prior year, and total operating expenses came to ¥69.80 billion, compared with ¥69.28 billion in the year-earlier period.

The company said reported net income declined 15.0% year over year to ¥3.67 billion, or ¥186.76 per share, in the full year, from ¥4.33 billion, or ¥214.26 per share.

As of June 26, US$1 was equivalent to ¥123.96.