Nagase Brothers Inc. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥136.51 per share, a gain of 14.5% from ¥119.19 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.29 billion, a gain of 14.1% from ¥1.13 billion in the prior-year period.
The normalized profit margin increased to 10.2% from 9.8% in the year-earlier period.
Total revenue rose 10.1% on an annual basis to ¥12.74 billion from ¥11.58 billion, and total operating expenses rose 10.3% year over year to ¥10.53 billion from ¥9.55 billion.
Reported net income fell from the prior-year period to ¥1.07 billion, or ¥112.90 per share, from ¥1.12 billion, or ¥117.64 per share.
For the year, the company's normalized net income totaled ¥292.03 per share, a fall of 12.4% from ¥333.37 per share in the prior year.
Normalized net income was ¥2.77 billion, a decline of 12.7% from ¥3.17 billion in the prior year.
Full-year total revenue rose on an annual basis to ¥41.57 billion from ¥39.84 billion, and total operating expenses increased 7.0% year over year to ¥36.80 billion from ¥34.38 billion.
The company said reported net income declined 29.4% on an annual basis to ¥2.14 billion, or ¥225.66 per share, in the full year, from ¥3.03 billion, or ¥318.48 per share.
As of June 26, US$1 was equivalent to ¥123.96.