Hoosiers Holdings said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥64.88 per share, an increase of 15.9% from ¥55.97 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.98 billion, a gain of 12.0% from ¥1.77 billion in the prior-year period.

The normalized profit margin dropped to 9.1% from 10.3% in the year-earlier period.

Total revenue climbed 26.5% year over year to ¥21.68 billion from ¥17.14 billion, and total operating expenses climbed 29.9% on an annual basis to ¥18.46 billion from ¥14.21 billion.

Reported net income increased 19.2% from the prior-year period to ¥1.96 billion, or ¥64.38 per share, from ¥1.65 billion, or ¥52.19 per share.

For the year, the company's normalized net income totaled ¥90.06 per share, a fall of 29.2% from ¥127.16 per share in the prior year.

Normalized net income was ¥2.80 billion, a fall of 30.3% from ¥4.01 billion in the prior year.

Full-year total revenue increased 8.4% on an annual basis to ¥40.03 billion from ¥36.94 billion, and total operating expenses increased 16.9% on an annual basis to ¥35.25 billion from ¥30.15 billion.

The company said reported net income fell 20.2% year over year to ¥3.08 billion, or ¥99.20 per share, in the full year, from ¥3.86 billion, or ¥122.20 per share.

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