Nihon Eslead Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥48.56 per share, a decline of 32.1% from ¥71.57 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥749.4 million, a decrease of 32.1% from ¥1.10 billion in the prior-year period.

The normalized profit margin dropped to 6.6% from 10.0% in the year-earlier period.

Total revenue increased on an annual basis to ¥11.36 billion from ¥11.05 billion, and total operating expenses increased 9.7% year over year to ¥10.11 billion from ¥9.22 billion.

Reported net income fell 24.8% year over year to ¥730.0 million, or ¥47.31 per share, from ¥971.0 million, or ¥62.93 per share.

For the year, the company's normalized net income totaled ¥132.00 per share, a gain from ¥130.10 per share in the prior year.

Normalized net income was ¥2.04 billion, a gain from ¥2.01 billion in the prior year.

Full-year total revenue rose on an annual basis to ¥30.50 billion from ¥29.92 billion, and total operating expenses rose year over year to ¥27.09 billion from ¥26.47 billion.

The company said reported net income increased 10.5% year over year to ¥2.00 billion, or ¥129.29 per share, in the full year, from ¥1.81 billion, or ¥117.04 per share.

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