Natori Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of ¥15.28 per share, compared with a loss of ¥13.12 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 ¥193.8 million, compared with a loss of ¥172.5 million in the year-earlier period.

The normalized profit margin dropped to negative 2.2% from negative 2.1% in the year-earlier period.

Total revenue increased 5.0% on an annual basis to ¥8.67 billion from ¥8.26 billion, and total operating expenses climbed 5.6% year over year to ¥8.95 billion from ¥8.47 billion.

Reported net income totaled a loss of ¥251.0 million, or a loss of ¥19.79 per share, compared to a loss of ¥218.0 million, or a loss of ¥16.59 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥89.48 per share, a gain of 13.9% from ¥78.59 per share in the prior year.

Normalized net income was ¥1.15 billion, an increase of 8.0% from ¥1.06 billion in the prior year.

Full-year total revenue rose 5.0% year over year to ¥38.20 billion from ¥36.38 billion, and total operating expenses rose on an annual basis to ¥36.32 billion from ¥34.64 billion.

The company said reported net income rose 12.8% year over year to ¥1.11 billion, or ¥86.82 per share, in the full year, from ¥985.0 million, or ¥72.99 per share.

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