Naigai Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to ¥9.86 per share, a gain of 6.2% from ¥9.28 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥81.0 million, an increase of 6.2% from ¥76.3 million in the year-earlier period.

The normalized profit margin increased to 1.5% from 1.5% in the year-earlier period.

Total revenue increased year over year to ¥5.32 billion from ¥5.13 billion, and total operating expenses increased from the prior-year period to ¥5.21 billion from ¥5.16 billion.

Reported net income rose year over year to ¥120.0 million, or ¥14.61 per share, from ¥116.0 million, or ¥14.12 per share.

For the year, the company's normalized net income totaled ¥10.87 per share, a gain of 48.5% from ¥7.32 per share in the prior year.

Normalized net income was ¥89.3 million, an increase of 48.4% from ¥60.1 million in the prior year.

Full-year total revenue amounted to ¥17.50 billion, compared with ¥17.50 billion in the prior year, and total operating expenses decreased year over year to ¥17.46 billion from ¥17.66 billion.

The company said reported net income increased 26.5% on an annual basis to ¥86.0 million, or ¥10.47 per share, in the full year, from ¥68.0 million, or ¥8.28 per share.

As of April 28, US$1 was equivalent to ¥108.57.