Inageya Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥16.35 per share, an increase of 47.4% from ¥11.09 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥759.4 million, an increase of 47.4% from ¥515.1 million in the year-earlier period.

The normalized profit margin climbed to 1.2% from 0.9% in the year-earlier period.

Total revenue increased 5.5% on an annual basis to ¥62.00 billion from ¥58.78 billion, and total operating expenses grew 5.0% year over year to ¥60.85 billion from ¥57.98 billion.

Reported net income totaled a loss of ¥259.0 million, or a loss of ¥5.58 per share, compared to a loss of ¥408.0 million, or a loss of ¥8.79 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥47.05 per share, an increase from ¥46.52 per share in the prior year.

Normalized net income was ¥2.19 billion, a rise from ¥2.16 billion in the prior year.

Full-year total revenue rose 7.1% from the prior-year period to ¥257.38 billion from ¥240.30 billion, and total operating expenses rose 7.2% year over year to ¥254.06 billion from ¥237.05 billion.

The company said reported net income declined 13.2% on an annual basis to ¥948.0 million, or ¥20.41 per share, in the full year, from ¥1.09 billion, or ¥23.52 per share.

As of June 23, US$1 was equivalent to ¥105.69.