Murata Manufacturing Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥111.05 per share, a decrease from ¥114.50 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥23.62 billion, a decrease from ¥24.24 billion in the year-earlier period.
The normalized profit margin fell to 8.8% from 9.3% in the year-earlier period.
Total revenue increased on an annual basis to ¥269.59 billion from ¥261.35 billion, and total operating expenses grew 5.2% on an annual basis to ¥232.93 billion from ¥221.36 billion.
Reported net income rose 5.2% from the prior-year period to ¥29.07 billion, or ¥136.71 per share, from ¥27.64 billion, or ¥130.58 per share.
For the year, the company's normalized net income totaled ¥588.96 per share, compared to EPS of ¥822.08 in the prior year.
Normalized net income was ¥125.25 billion, a fall from ¥174.04 billion in the prior year.
Full-year total revenue fell from the prior-year period to ¥1.136 trillion from ¥1.211 trillion, and total operating expenses came to ¥934.31 billion, compared with ¥935.43 billion in the year-earlier period.
The company said reported net income decreased year over year to ¥156.06 billion, or ¥733.87 per share, in the full year, from ¥203.78 billion, or ¥962.55 per share.
As of June 29, US$1 was equivalent to ¥112.60.