TPR Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥81.34 per share, an increase of 21.8% from ¥66.80 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.88 billion, an increase of 21.9% from ¥2.36 billion in the year-earlier period.

The normalized profit margin climbed to 6.2% from 5.0% in the year-earlier period.

Total revenue came to ¥46.79 billion, compared with ¥47.02 billion in the prior-year period, and total operating expenses decreased from the prior-year period to ¥40.40 billion from ¥41.05 billion.

Reported net income fell 5.9% from the prior-year period to ¥3.52 billion, or ¥99.31 per share, from ¥3.74 billion, or ¥105.72 per share.

For the year, the company's normalized net income totaled ¥276.18 per share, a decrease from ¥279.30 per share in the prior year.

Normalized net income was ¥9.78 billion, compared with ¥9.87 billion in the prior year.

Full-year total revenue increased 5.3% on an annual basis to ¥174.63 billion from ¥165.85 billion, and total operating expenses grew year over year to ¥153.29 billion from ¥146.46 billion.

The company said reported net income decreased 6.4% on an annual basis to ¥11.85 billion, or ¥334.69 per share, in the full year, from ¥12.66 billion, or ¥358.23 per share.

As of June 29, US$1 was equivalent to ¥102.64.