New Art Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was 67 Japanese sen per share, compared with a loss of 66 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥168.1 million, compared with a loss of ¥125.0 million in the year-earlier period.

The normalized profit margin rose to 6.5% from negative 6.2% in the year-earlier period.

Total revenue increased 28.2% year over year to ¥2.58 billion from ¥2.01 billion, and total operating expenses rose 5.1% from the prior-year period to ¥2.31 billion from ¥2.19 billion.

Reported net income totaled ¥261.0 million, or ¥1.04 per share, compared to a loss of ¥521.0 million, or a loss of ¥2.75 per share, in the year-earlier period.

For the year, the company's normalized net income totaled 18 sen per share, compared with a loss of ¥2.39 per share in the prior year.

Normalized net income was ¥45.0 million, compared with a loss of ¥441.9 million in the prior year.

Full-year total revenue rose 8.0% on an annual basis to ¥8.31 billion from ¥7.69 billion, and total operating expenses fell on an annual basis to ¥8.12 billion from ¥8.37 billion.

The company said reported net income came to ¥129.0 million, or 51 sen per share, in the full year, compared with a loss of ¥1.21 billion, or a loss of ¥6.54 per share, the prior year.

As of June 29, US$1 was equivalent to ¥122.67.