J-Group Holdings Corp. said its normalized net income for the fiscal fourth quarter ended Feb. 29 was ¥11.85 per share, an increase of 29.8% from ¥9.13 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥94.8 million, a gain of 27.4% from ¥74.4 million in the year-earlier period.
The normalized profit margin increased to 2.7% from 2.1% in the year-earlier period.
Total revenue decreased on an annual basis to ¥3.53 billion from ¥3.61 billion, and total operating expenses decreased year over year to ¥3.38 billion from ¥3.50 billion.
Reported net income declined 31.6% year over year to ¥58.0 million, or ¥7.25 per share, from ¥84.8 million, or ¥10.41 per share.
For the year, the company's normalized net income totaled ¥5.75 per share, a decline of 24.5% from ¥7.62 per share in the prior year.
Normalized net income was ¥46.0 million, a fall of 24.9% from ¥61.3 million in the prior year.
Full-year total revenue increased year over year to ¥13.82 billion from ¥13.66 billion, and total operating expenses grew on an annual basis to ¥13.75 billion from ¥13.60 billion.
The company said reported net income came to a loss of ¥240.0 million, or a loss of ¥30.01 per share, in the full year, compared with income of ¥28.8 million, or ¥3.50 per share, the prior year.
As of May 27, US$1 was equivalent to ¥109.87.