Albis Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥44.42 per share, an increase of 33.6% from ¥33.25 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥310.6 million, a gain of 42.4% from ¥218.1 million in the year-earlier period.

The normalized profit margin climbed to 1.8% from 1.3% in the year-earlier period.

Total revenue rose on an annual basis to ¥17.11 billion from ¥16.33 billion, and total operating expenses rose from the prior-year period to ¥16.68 billion from ¥16.04 billion.

Reported net income grew 14.7% on an annual basis to ¥137.6 million, or ¥19.68 per share, from ¥120.0 million, or ¥18.29 per share.

For the year, the company's normalized net income totaled ¥208.66 per share, a gain of 20.6% from ¥173.02 per share in the prior year.

Normalized net income was ¥1.39 billion, an increase of 23.7% from ¥1.13 billion in the prior year.

Full-year total revenue grew 7.3% year over year to ¥70.52 billion from ¥65.72 billion, and total operating expenses increased 6.9% on an annual basis to ¥68.59 billion from ¥64.17 billion.

The company said reported net income increased 19.3% year over year to ¥1.08 billion, or ¥162.05 per share, in the full year, from ¥907.0 million, or ¥139.33 per share.

As of June 29, US$1 was equivalent to ¥122.67.