Paris Miki Holdings Inc. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of ¥5.32 per share, compared with a loss of ¥3.58 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥273.9 million, compared with a loss of ¥184.1 million in the prior-year period.

The normalized profit margin declined to negative 2.2% from negative 1.4% in the year-earlier period.

Total revenue declined 6.5% year over year to ¥12.73 billion from ¥13.62 billion, and total operating expenses fell year over year to ¥13.27 billion from ¥13.94 billion.

Reported net income came to a loss of ¥544.0 million, or a loss of ¥10.57 per share, compared to a loss of ¥476.0 million, or a loss of ¥9.25 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥7.01 per share, a fall of 42.4% from ¥12.17 per share in the prior year.

Normalized net income was ¥360.9 million, a fall of 42.4% from ¥626.6 million in the prior year.

Full-year total revenue decreased on an annual basis to ¥54.34 billion from ¥56.90 billion, and total operating expenses declined on an annual basis to ¥54.17 billion from ¥56.09 billion.

The company said reported net income declined 52.7% year over year to ¥198.0 million, or ¥3.85 per share, in the full year, from ¥419.0 million, or ¥8.14 per share.

As of June 25, US$1 was equivalent to ¥123.71.