Metalart Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥8.06 per share, a decrease of 55.2% from ¥17.99 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥127.9 million, a decrease of 54.9% from ¥283.6 million in the year-earlier period.

The normalized profit margin fell to 1.9% from 4.0% in the year-earlier period.

Total revenue decreased on an annual basis to ¥6.68 billion from ¥7.00 billion, and total operating expenses fell from the prior-year period to ¥6.44 billion from ¥6.55 billion.

Reported net income decreased 77.8% year over year to ¥70.0 million, or ¥4.41 per share, from ¥315.0 million, or ¥19.98 per share.

For the year, the company's normalized net income totaled ¥77.34 per share, a fall of 11.4% from ¥87.34 per share in the prior year.

Normalized net income was ¥1.22 billion, a fall of 11.3% from ¥1.38 billion in the prior year.

Full-year total revenue fell 5.5% on an annual basis to ¥25.75 billion from ¥27.24 billion, and total operating expenses decreased year over year to ¥24.49 billion from ¥25.02 billion.

The company said reported net income decreased 29.0% year over year to ¥982.0 million, or ¥62.20 per share, in the full year, from ¥1.38 billion, or ¥87.80 per share.

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