Takashimaya Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was ¥23.35 per share, a gain of 11.8% from ¥20.87 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥9.36 billion, an increase of 12.9% from ¥8.29 billion in the prior-year period.

The normalized profit margin rose to 3.6% from 3.2% in the year-earlier period.

Total revenue totaled ¥257.02 billion, compared with ¥255.99 billion in the prior-year period, and total operating expenses totaled ¥242.84 billion, compared with ¥243.36 billion in the year-earlier period.

Reported net income rose 17.8% from the prior-year period to ¥9.53 billion, or ¥23.78 per share, from ¥8.09 billion, or ¥20.37 per share.

For the year, the company's normalized net income totaled ¥53.79 per share, a decline from ¥54.95 per share in the prior year.

Normalized net income was ¥21.61 billion, an increase of 7.7% from ¥20.07 billion in the prior year.

Full-year total revenue amounted to ¥912.52 billion, compared with ¥904.18 billion in the prior year, and total operating expenses totaled ¥880.50 billion, compared with ¥875.08 billion in the prior-year period.

The company said reported net income grew 20.4% year over year to ¥22.52 billion, or ¥56.05 per share, in the full year, from ¥18.70 billion, or ¥51.21 per share.

As of May 21, US$1 was equivalent to ¥121.11.