Fujix Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of ¥26.23 per share, compared with a loss of ¥8.62 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥36.1 million, compared with a loss of ¥11.9 million in the prior-year period.

The normalized profit margin dropped to negative 2.1% from negative 0.6% in the year-earlier period.

Total revenue decreased 8.5% on an annual basis to ¥1.69 billion from ¥1.84 billion, and total operating expenses declined from the prior-year period to ¥1.79 billion from ¥1.87 billion.

Reported net income totaled a loss of ¥67.0 million, or a loss of ¥48.65 per share, compared to a loss of ¥62.0 million, or a loss of ¥45.02 per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of ¥104.17 per share, compared with a loss of ¥25.58 per share in the prior year.

Normalized net income was a loss of ¥143.5 million, compared with a loss of ¥35.3 million in the prior year.

Full-year total revenue fell on an annual basis to ¥6.73 billion from ¥7.01 billion, and total operating expenses fell year over year to ¥6.88 billion from ¥7.05 billion.

The company said reported net income totaled ¥67.0 million, or ¥48.64 per share, in the full year, compared with a loss of ¥116.0 million, or a loss of ¥84.19 per share, the prior year.

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