Gourmet Kineya Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 77 Japanese sen per share, a decrease of 74.6% from ¥3.02 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥17.4 million, a decline of 74.4% from ¥67.8 million in the prior-year period.

The normalized profit margin dropped to 0.2% from 0.8% in the year-earlier period.

Total revenue climbed year over year to ¥8.89 billion from ¥8.56 billion, and total operating expenses increased on an annual basis to ¥8.85 billion from ¥8.45 billion.

Reported net income came to ¥509.0 million, or ¥22.54 per share, compared to a loss of ¥1.0 million, or a loss of 4 sen per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥4.23 per share, a fall of 53.3% from ¥9.05 per share in the prior year.

Normalized net income was ¥95.0 million, a decline of 53.2% from ¥202.9 million in the prior year.

Full-year total revenue increased on an annual basis to ¥36.78 billion from ¥35.44 billion, and total operating expenses grew on an annual basis to ¥36.62 billion from ¥35.11 billion.

The company said reported net income came to ¥588.0 million, or ¥26.20 per share, in the full year, compared with a loss of ¥138.0 million, or a loss of ¥6.16 per share, the prior year.

As of June 25, US$1 was equivalent to ¥123.71.