Ain Holdings Inc. said its normalized net income for the fiscal fourth quarter ended April 30 was ¥94.54 per share, an increase of 25.9% from ¥75.10 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.00 billion, a gain of 25.9% from ¥2.38 billion in the prior-year period.

The normalized profit margin declined to 4.6% from 4.6% in the year-earlier period.

Total revenue grew 27.1% on an annual basis to ¥65.45 billion from ¥51.51 billion, and total operating expenses climbed 27.1% from the prior-year period to ¥60.83 billion from ¥47.85 billion.

Reported net income rose 38.2% from the prior-year period to ¥2.39 billion, or ¥75.25 per share, from ¥1.73 billion, or ¥54.43 per share.

For the year, the company's normalized net income totaled ¥297.36 per share, an increase of 30.1% from ¥228.55 per share in the prior year.

Normalized net income was ¥9.43 billion, an increase of 30.1% from ¥7.25 billion in the prior year.

Full-year total revenue rose 25.0% on an annual basis to ¥234.84 billion from ¥187.90 billion, and total operating expenses rose 24.8% year over year to ¥220.51 billion from ¥176.73 billion.

The company said reported net income increased 27.8% on an annual basis to ¥7.92 billion, or ¥249.69 per share, in the full year, from ¥6.20 billion, or ¥195.44 per share.

As of July 29, US$1 was equivalent to ¥102.36.