Y's Table Corp. said its normalized net income for the fiscal fourth quarter ended Feb. 28 came to ¥26.96 per share, a decline of 43.4% from ¥47.68 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥71.8 million, a decrease of 43.4% from ¥126.9 million in the prior-year period.

The normalized profit margin fell to 1.9% from 3.5% in the year-earlier period.

Total revenue grew on an annual basis to ¥3.74 billion from ¥3.58 billion, and total operating expenses rose 5.7% from the prior-year period to ¥3.65 billion from ¥3.46 billion.

Reported net income decreased 88.4% from the prior-year period to ¥14.0 million, or ¥5.26 per share, from ¥121.0 million, or ¥45.47 per share.

For the year, the company's normalized net income totaled ¥60.79 per share, a decrease of 40.5% from ¥102.17 per share in the prior year.

Normalized net income was ¥161.8 million, a decrease of 40.5% from ¥271.9 million in the prior year.

Full-year total revenue rose on an annual basis to ¥14.31 billion from ¥13.64 billion, and total operating expenses increased 6.1% year over year to ¥14.15 billion from ¥13.34 billion.

The company said reported net income decreased 82.9% on an annual basis to ¥42.0 million, or ¥15.78 per share, in the full year, from ¥245.0 million, or ¥92.07 per share.

As of May 28, US$1 was equivalent to ¥124.24.