Yaizu Suisankagaku Industry Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 55 Japanese sen per share, a decrease of 88.8% from ¥4.93 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.9 million, a decrease of 88.8% from ¥61.3 million in the year-earlier period.

The normalized profit margin dropped to 0.2% from 1.4% in the year-earlier period.

Total revenue declined 8.9% year over year to ¥4.08 billion from ¥4.48 billion, and total operating expenses fell 7.5% on an annual basis to ¥4.07 billion from ¥4.40 billion.

Reported net income increased from the prior-year period to ¥207.0 million, or ¥16.69 per share, from ¥67.0 million, or ¥5.39 per share.

For the year, the company's normalized net income totaled ¥36.54 per share, a fall of 31.9% from ¥53.67 per share in the prior year.

Normalized net income was ¥453.1 million, a fall of 33.5% from ¥681.9 million in the prior year.

Full-year total revenue decreased on an annual basis to ¥18.58 billion from ¥19.39 billion, and total operating expenses fell year over year to ¥17.97 billion from ¥18.44 billion.

The company said reported net income decreased 6.8% year over year to ¥634.0 million, or ¥51.13 per share, in the full year, from ¥680.0 million, or ¥53.53 per share.

As of June 29, US$1 was equivalent to ¥102.64.