Hinokiya Group Co.Ltd. said its fourth-quarter normalized net income amounted to ¥127.47 per share, an increase from ¥124.37 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.73 billion, an increase from ¥1.69 billion in the year-earlier period.

The normalized profit margin increased to 6.5% from 6.5% in the year-earlier period.

Total revenue rose year over year to ¥26.42 billion from ¥26.14 billion, and total operating expenses came to ¥23.42 billion, compared with ¥23.25 billion in the year-earlier period.

Reported net income declined year over year to ¥1.62 billion, or ¥119.68 per share, from ¥1.66 billion, or ¥121.77 per share.

For the year, the company's normalized net income totaled ¥246.39 per share, an increase of 30.5% from ¥188.74 per share in the prior year.

Normalized net income was ¥3.34 billion, a gain of 30.5% from ¥2.56 billion in the prior year.

Full-year total revenue rose year over year to ¥78.63 billion from ¥76.54 billion, and total operating expenses grew on an annual basis to ¥73.40 billion from ¥72.41 billion.

The company said reported net income rose 27.5% year over year to ¥2.55 billion, or ¥187.58 per share, in the full year, from ¥2.00 billion, or ¥147.15 per share.

As of March 30, US$1 was equivalent to ¥112.45.