JP-Holdings Inc. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥2.29 per share, an increase of 15.9% from ¥1.98 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥191.3 million, an increase of 15.9% from ¥165.0 million in the year-earlier period.
The normalized profit margin climbed to 4.1% from 4.0% in the year-earlier period.
Total revenue grew 12.8% on an annual basis to ¥4.64 billion from ¥4.11 billion, and total operating expenses rose 10.3% year over year to ¥4.34 billion from ¥3.94 billion.
Reported net income rose 43.9% on an annual basis to ¥200.0 million, or ¥2.40 per share, from ¥139.0 million, or ¥1.67 per share.
For the year, the company's normalized net income totaled ¥10.76 per share, a decline from ¥10.93 per share in the prior year.
Normalized net income was ¥898.1 million, a fall from ¥911.9 million in the prior year.
Full-year total revenue grew 13.5% from the prior-year period to ¥17.87 billion from ¥15.75 billion, and total operating expenses rose 13.8% on an annual basis to ¥16.52 billion from ¥14.51 billion.
The company said reported net income rose 8.0% year over year to ¥904.0 million, or ¥10.83 per share, in the full year, from ¥837.0 million, or ¥10.03 per share.
As of June 29, US$1 was equivalent to ¥122.67.