Tabio Corp. said its normalized net income for the fiscal fourth quarter ended Feb. 29 came to ¥17.89 per share, a gain of 7.1% from ¥16.70 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥121.9 million, a gain of 7.1% from ¥113.8 million in the prior-year period.
The normalized profit margin increased to 2.8% from 2.5% in the year-earlier period.
Total revenue declined on an annual basis to ¥4.43 billion from ¥4.54 billion, and total operating expenses decreased from the prior-year period to ¥4.24 billion from ¥4.36 billion.
Reported net income rose 92.6% from the prior-year period to ¥131.0 million, or ¥19.23 per share, from ¥68.0 million, or ¥9.98 per share.
For the year, the company's normalized net income totaled ¥70.65 per share, compared with ¥70.92 per share in the prior year.
Normalized net income was ¥481.3 million, compared with ¥483.1 million in the prior year.
Full-year total revenue amounted to ¥16.70 billion, compared with ¥16.81 billion in the prior year, and total operating expenses totaled ¥15.95 billion, compared with ¥16.07 billion in the prior-year period.
The company said reported net income rose 11.1% on an annual basis to ¥430.0 million, or ¥63.12 per share, in the full year, from ¥387.0 million, or ¥56.81 per share.
As of May 24, US$1 was equivalent to ¥109.89.