Choushimaru Co. Ltd. said its normalized net income for the fiscal fourth quarter ended May 15 amounted to ¥61.13 per share, an increase from ¥59.42 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥166.9 million, a decline from ¥172.5 million in the year-earlier period.

The normalized profit margin declined to 3.5% from 3.6% in the year-earlier period.

Total revenue increased on an annual basis to ¥4.82 billion from ¥4.76 billion, and total operating expenses climbed from the prior-year period to ¥4.57 billion from ¥4.49 billion.

Reported net income fell 38.3% on an annual basis to ¥82.0 million, or ¥30.04 per share, from ¥133.0 million, or ¥45.81 per share.

For the year, the company's normalized net income totaled ¥216.79 per share, a fall of 12.2% from ¥246.94 per share in the prior year.

Normalized net income was ¥608.8 million, a fall of 15.1% from ¥716.9 million in the prior year.

Full-year total revenue grew from the prior-year period to ¥19.73 billion from ¥19.09 billion, and total operating expenses grew year over year to ¥18.82 billion from ¥17.97 billion.

The company said reported net income fell 20.0% on an annual basis to ¥513.0 million, or ¥182.69 per share, in the full year, from ¥641.0 million, or ¥220.81 per share.

As of Aug. 5, US$1 was equivalent to ¥101.87.