Kotobuki Spirits Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥9.46 per share, a decline from ¥9.76 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥294.4 million, a decrease from ¥303.8 million in the year-earlier period.
The normalized profit margin declined to 5.1% from 5.2% in the year-earlier period.
Total revenue came to ¥5.80 billion, compared with ¥5.82 billion in the year-earlier period, and total operating expenses came to ¥5.35 billion, compared with ¥5.34 billion in the prior-year period.
Reported net income rose 42.0% from the prior-year period to ¥362.0 million, or ¥11.63 per share, from ¥255.0 million, or ¥8.19 per share.
For the year, the company's normalized net income totaled ¥41.55 per share, a decline of 12.4% from ¥47.42 per share in the prior year.
Normalized net income was ¥1.29 billion, a decline of 12.4% from ¥1.48 billion in the prior year.
Full-year total revenue amounted to ¥22.97 billion, compared with ¥22.95 billion in the prior year, and total operating expenses increased year over year to ¥20.93 billion from ¥20.60 billion.
The company said reported net income grew on an annual basis to ¥1.30 billion, or ¥41.90 per share, in the full year, from ¥1.28 billion, or ¥41.07 per share.
As of June 26, US$1 was equivalent to ¥123.96.