JICHODO Co. Ltd. said its normalized net income for the fiscal fourth quarter ended June 30 came to ¥190.13 per share, compared with ¥190.18 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥553.1 million, a decrease of 4.9% from ¥581.9 million in the prior-year period.

The normalized profit margin dropped to 10.9% from 12.1% in the year-earlier period.

Total revenue increased 5.4% on an annual basis to ¥5.05 billion from ¥4.80 billion, and total operating expenses rose on an annual basis to ¥4.14 billion from ¥4.03 billion.

Reported net income decreased 51.3% from the prior-year period to ¥365.0 million, or ¥125.46 per share, from ¥750.0 million, or ¥245.13 per share.

For the year, the company's normalized net income totaled ¥546.83 per share, a gain of 13.8% from ¥480.46 per share in the prior year.

Normalized net income was ¥1.63 billion, a rise of 10.5% from ¥1.48 billion in the prior year.

Full-year total revenue fell from the prior-year period to ¥16.60 billion from ¥17.01 billion, and total operating expenses fell 6.9% year over year to ¥13.99 billion from ¥15.02 billion.

The company said reported net income fell 76.9% on an annual basis to ¥578.0 million, or ¥193.61 per share, in the full year, from ¥2.50 billion, or ¥814.26 per share.

As of Sept. 29, US$1 was equivalent to ¥101.58.