Chuo Gyorui Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥49.97 per share, compared with a loss of ¥5.76 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥205.0 million, compared with a loss of ¥23.6 million in the year-earlier period.

The normalized profit margin rose to 0.4% from negative 0.1% in the year-earlier period.

Total revenue rose 16.8% on an annual basis to ¥46.43 billion from ¥39.77 billion, and total operating expenses rose 16.6% from the prior-year period to ¥46.54 billion from ¥39.91 billion.

Reported net income came to a loss of ¥314.0 million, or a loss of ¥76.54 per share, compared to a loss of ¥74.0 million, or a loss of ¥18.04 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥205.34 per share, a gain of 67.6% from ¥122.55 per share in the prior year.

Normalized net income was ¥842.4 million, an increase of 67.6% from ¥502.8 million in the prior year.

Full-year total revenue rose 14.1% year over year to ¥198.30 billion from ¥173.76 billion, and total operating expenses rose 14.1% on an annual basis to ¥197.54 billion from ¥173.14 billion.

The company said reported net income fell 24.9% year over year to ¥536.0 million, or ¥130.66 per share, in the full year, from ¥714.0 million, or ¥174.04 per share.

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