Fields Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥204.39 per share, a gain of 45.6% from ¥140.38 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.78 billion, an increase of 45.6% from ¥4.66 billion in the prior-year period.

The normalized profit margin rose to 9.7% from 7.7% in the year-earlier period.

Total revenue grew 15.7% year over year to ¥70.24 billion from ¥60.70 billion, and total operating expenses climbed 9.3% year over year to ¥58.98 billion from ¥53.95 billion.

Reported net income increased 50.4% on an annual basis to ¥6.23 billion, or ¥187.83 per share, from ¥4.14 billion, or ¥124.85 per share.

For the year, the company's normalized net income totaled ¥94.19 per share, a decline of 46.4% from ¥175.62 per share in the prior year.

Normalized net income was ¥3.13 billion, a fall of 46.4% from ¥5.83 billion in the prior year.

Full-year total revenue declined 13.4% year over year to ¥99.55 billion from ¥114.90 billion, and total operating expenses fell 10.6% on an annual basis to ¥95.06 billion from ¥106.35 billion.

The company said reported net income declined 43.8% on an annual basis to ¥3.02 billion, or ¥90.95 per share, in the full year, from ¥5.37 billion, or ¥161.83 per share.

As of June 29, US$1 was equivalent to ¥122.67.