BEENOS Inc. said its normalized net income for the fiscal fourth quarter ended Sept. 30 amounted to ¥1.93 per share, a decrease of 57.9% from ¥4.59 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥23.6 million, a decrease of 58.2% from ¥56.5 million in the year-earlier period.
The normalized profit margin fell to 0.5% from 1.3% in the year-earlier period.
Total revenue increased 11.5% year over year to ¥4.76 billion from ¥4.27 billion, and total operating expenses rose 13.6% from the prior-year period to ¥4.70 billion from ¥4.14 billion.
Reported net income rose from the prior-year period to ¥112.2 million, or ¥9.17 per share, from ¥33.9 million, or ¥2.76 per share.
For the year, the company's normalized net income totaled ¥58.17 per share, an increase from ¥56.66 per share in the prior year.
Normalized net income was ¥711.3 million, an increase from ¥695.5 million in the prior year.
Full-year total revenue increased 13.5% from the prior-year period to ¥19.23 billion from ¥16.94 billion, and total operating expenses grew 14.4% year over year to ¥18.03 billion from ¥15.75 billion.
The company said reported net income rose year over year to ¥940.6 million, or ¥76.93 per share, in the full year, from ¥898.3 million, or ¥73.19 per share.
As of Dec. 16, US$1 was equivalent to ¥118.31.