Ryohin Keikaku Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to ¥145.73 per share, an increase of 15.5% from ¥126.19 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.88 billion, an increase of 15.7% from ¥3.35 billion in the year-earlier period.

The normalized profit margin dropped to 5.6% from 5.8% in the year-earlier period.

Total revenue rose 19.7% on an annual basis to ¥69.75 billion from ¥58.29 billion, and total operating expenses grew 19.0% on an annual basis to ¥63.73 billion from ¥53.57 billion.

Reported net income declined 32.3% on an annual basis to ¥4.15 billion, or ¥155.76 per share, from ¥6.12 billion, or ¥230.41 per share.

For the year, the company's normalized net income totaled ¥624.36 per share, a gain of 16.3% from ¥536.78 per share in the prior year.

Normalized net income was ¥16.61 billion, an increase of 16.2% from ¥14.29 billion in the prior year.

Full-year total revenue grew 18.0% from the prior-year period to ¥260.25 billion from ¥220.62 billion, and total operating expenses grew 18.4% year over year to ¥236.41 billion from ¥199.70 billion.

The company said reported net income decreased on an annual basis to ¥16.62 billion, or ¥625.00 per share, in the full year, from ¥17.10 billion, or ¥642.06 per share.

As of May 21, US$1 was equivalent to ¥121.11.