Fujicco Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥14.60 per share, a decrease from ¥14.94 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥466.3 million, a decrease from ¥478.1 million in the prior-year period.

The normalized profit margin dropped to 3.5% from 3.7% in the year-earlier period.

Total revenue climbed on an annual basis to ¥13.27 billion from ¥13.08 billion, and total operating expenses increased from the prior-year period to ¥12.57 billion from ¥12.43 billion.

Reported net income rose 5.4% year over year to ¥487.0 million, or ¥15.25 per share, from ¥462.0 million, or ¥14.44 per share.

For the year, the company's normalized net income totaled ¥89.22 per share, an increase from ¥85.98 per share in the prior year.

Normalized net income was ¥2.85 billion, a rise from ¥2.75 billion in the prior year.

Full-year total revenue grew from the prior-year period to ¥56.90 billion from ¥56.27 billion, and total operating expenses came to ¥52.63 billion, compared with ¥52.21 billion in the prior-year period.

The company said reported net income rose 22.4% year over year to ¥3.01 billion, or ¥94.35 per share, in the full year, from ¥2.46 billion, or ¥76.91 per share.

As of June 23, US$1 was equivalent to ¥123.88.