Karula Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 came to 83 Japanese sen per share, compared with a loss of ¥2.91 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.0 million, compared with a loss of ¥17.5 million in the prior-year period.

The normalized profit margin increased to 0.3% from negative 1.0% in the year-earlier period.

Total revenue grew 5.2% year over year to ¥1.88 billion from ¥1.78 billion, and total operating expenses increased year over year to ¥1.87 billion from ¥1.81 billion.

Reported net income came to a loss of ¥66.0 million, or a loss of ¥10.99 per share, compared to a loss of ¥25.0 million, or a loss of ¥4.16 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥37.56 per share, a decrease of 6.7% from ¥40.27 per share in the prior year.

Normalized net income was ¥225.6 million, a decrease of 6.7% from ¥241.9 million in the prior year.

Full-year total revenue rose year over year to ¥7.96 billion from ¥7.69 billion, and total operating expenses increased on an annual basis to ¥7.61 billion from ¥7.29 billion.

The company said reported net income declined 76.8% on an annual basis to ¥45.0 million, or ¥7.49 per share, in the full year, from ¥194.0 million, or ¥32.30 per share.

As of May 27, US$1 was equivalent to ¥123.75.