Aisan Industry Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥30.71 per share, a gain from ¥29.90 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.91 billion, an increase of 14.2% from ¥1.67 billion in the prior-year period.
The normalized profit margin fell to 3.3% from 3.4% in the year-earlier period.
Total revenue climbed 16.4% year over year to ¥57.70 billion from ¥49.56 billion, and total operating expenses grew 16.9% from the prior-year period to ¥54.94 billion from ¥47.01 billion.
Reported net income declined 19.7% on an annual basis to ¥1.18 billion, or ¥19.00 per share, from ¥1.47 billion, or ¥26.31 per share.
For the year, the company's normalized net income totaled ¥115.52 per share, an increase of 9.8% from ¥105.25 per share in the prior year.
Normalized net income was ¥6.96 billion, a gain of 18.4% from ¥5.88 billion in the prior year.
Full-year total revenue rose 10.2% year over year to ¥212.68 billion from ¥192.94 billion, and total operating expenses rose 10.0% year over year to ¥201.88 billion from ¥183.47 billion.
The company said reported net income grew 21.5% year over year to ¥6.76 billion, or ¥112.07 per share, in the full year, from ¥5.56 billion, or ¥99.55 per share.
As of June 12, US$1 was equivalent to ¥123.29.
