Samantha Thavasa Japan Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to ¥29.00 per share, a gain of 23.1% from ¥23.56 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.02 billion, a gain of 23.1% from ¥831.8 million in the year-earlier period.

The normalized profit margin increased to 8.3% from 7.8% in the year-earlier period.

Total revenue rose 16.7% on an annual basis to ¥12.40 billion from ¥10.62 billion, and total operating expenses climbed 15.7% year over year to ¥10.78 billion from ¥9.32 billion.

Reported net income increased 16.1% on an annual basis to ¥744.0 million, or ¥21.08 per share, from ¥641.0 million, or ¥18.16 per share.

For the year, the company's normalized net income totaled ¥62.12 per share, a gain of 67.5% from ¥37.08 per share in the prior year.

Normalized net income was ¥2.19 billion, a gain of 67.5% from ¥1.31 billion in the prior year.

Full-year total revenue increased 27.6% from the prior-year period to ¥40.29 billion from ¥31.58 billion, and total operating expenses grew 24.4% year over year to ¥37.01 billion from ¥29.75 billion.

The company said reported net income increased 74.9% year over year to ¥1.48 billion, or ¥42.02 per share, in the full year, from ¥848.0 million, or ¥24.03 per share.

As of May 28, US$1 was equivalent to ¥124.24.