INPEX Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥33.24 per share, an increase of 28.2% from ¥25.93 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥48.54 billion, a gain of 28.2% from ¥37.87 billion in the prior-year period.
The normalized profit margin rose to 19.3% from 18.9% in the year-earlier period.
Total revenue grew 25.2% on an annual basis to ¥250.93 billion from ¥200.47 billion, and total operating expenses increased 6.7% year over year to ¥158.60 billion from ¥148.69 billion.
Reported net income came to a loss of ¥1.76 billion, or a loss of ¥1.21 per share, compared with a loss of ¥50.68 billion, or a loss of ¥34.70 per share, in the prior-year period.
For the year, the company's normalized net income totaled ¥135.98 per share, compared to EPS of ¥183.91 in the prior year.
Normalized net income was ¥198.59 billion, a decrease from ¥268.58 billion in the prior year.
Full-year total revenue decreased from the prior-year period to ¥874.42 billion from ¥1.010 trillion, and total operating expenses decreased on an annual basis to ¥546.28 billion from ¥619.42 billion.
The company said reported net income grew 175.2% on an annual basis to ¥46.17 billion, or ¥31.61 per share, in the full year, from ¥16.78 billion, or ¥11.49 per share.
As of June 28, US$1 was equivalent to ¥112.08.