Nichimo Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of ¥89.33 per share, compared with a loss of ¥97.68 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥304.3 million, compared with a loss of ¥332.8 million in the year-earlier period.

The normalized profit margin climbed to negative 1.4% from negative 1.5% in the year-earlier period.

Total revenue fell on an annual basis to ¥21.57 billion from ¥22.39 billion, and total operating expenses fell year over year to ¥21.91 billion from ¥22.74 billion.

Reported net income came to a loss of ¥347.2 million, or a loss of ¥101.88 per share, compared to a loss of ¥500.0 million, or a loss of ¥146.78 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥106.98 per share, an increase from ¥18.97 per share in the prior year.

Normalized net income was ¥369.9 million, a rise from ¥64.6 million in the prior year.

Full-year total revenue grew year over year to ¥108.69 billion from ¥103.62 billion, and total operating expenses increased on an annual basis to ¥107.84 billion from ¥103.39 billion.

The company said reported net income came to ¥239.3 million, or ¥69.20 per share, in the full year, compared with a loss of ¥197.0 million, or a loss of ¥57.83 per share, the prior year.

As of June 26, US$1 was equivalent to ¥123.96.