Fuji Corp. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥33.91 per share, an increase of 8.2% from ¥31.35 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.22 billion, an increase of 8.4% from ¥1.13 billion in the year-earlier period.

The normalized profit margin rose to 4.9% from 4.2% in the year-earlier period.

Total revenue decreased 6.0% year over year to ¥25.17 billion from ¥26.77 billion, and total operating expenses declined 6.7% year over year to ¥23.23 billion from ¥24.90 billion.

Reported net income increased 10.9% from the prior-year period to ¥1.23 billion, or ¥34.08 per share, from ¥1.11 billion, or ¥30.79 per share.

For the year, the company's normalized net income totaled ¥74.84 per share, a decline of 23.9% from ¥98.34 per share in the prior year.

Normalized net income was ¥2.70 billion, a fall of 23.6% from ¥3.54 billion in the prior year.

Full-year total revenue fell 7.8% from the prior-year period to ¥79.59 billion from ¥86.36 billion, and total operating expenses fell 6.6% on an annual basis to ¥75.23 billion from ¥80.56 billion.

The company said reported net income fell 15.5% year over year to ¥2.76 billion, or ¥76.42 per share, in the full year, from ¥3.26 billion, or ¥90.70 per share.

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