Youji Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥21.63 per share, a decline of 6.4% from ¥23.10 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥126.3 million, a decrease of 5.2% from ¥133.1 million in the year-earlier period.
The normalized profit margin dropped to 8.0% from 9.0% in the year-earlier period.
Total revenue grew 7.2% on an annual basis to ¥1.58 billion from ¥1.48 billion, and total operating expenses rose 8.6% year over year to ¥1.38 billion from ¥1.27 billion.
Reported net income fell year over year to ¥98.5 million, or ¥16.88 per share, from ¥100.3 million, or ¥17.40 per share.
For the year, the company's normalized net income totaled ¥86.32 per share, an increase of 5.4% from ¥81.87 per share in the prior year.
Normalized net income was ¥501.9 million, an increase of 6.1% from ¥473.1 million in the prior year.
Full-year total revenue rose 6.4% on an annual basis to ¥5.99 billion from ¥5.63 billion, and total operating expenses increased 6.1% on an annual basis to ¥5.19 billion from ¥4.90 billion.
The company said reported net income rose 11.4% on an annual basis to ¥455.8 million, or ¥78.39 per share, in the full year, from ¥409.1 million, or ¥70.79 per share.
As of June 24, US$1 was equivalent to ¥124.31.