Take & Give Needs Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥38.66 per share, an increase of 78.9% from ¥21.61 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥500.9 million, a gain of 78.9% from ¥280.0 million in the prior-year period.
The normalized profit margin climbed to 3.4% from 1.8% in the year-earlier period.
Total revenue declined 5.0% year over year to ¥14.82 billion from ¥15.61 billion, and total operating expenses declined 7.6% from the prior-year period to ¥13.93 billion from ¥15.09 billion.
Reported net income totaled ¥85.0 million, or ¥6.56 per share, compared to a loss of ¥132.0 million, or a loss of ¥10.19 per share, in the prior-year period.
For the year, the company's normalized net income totaled ¥132.38 per share, a fall of 15.5% from ¥156.70 per share in the prior year.
Normalized net income was ¥1.72 billion, a decrease of 15.6% from ¥2.03 billion in the prior year.
Full-year total revenue declined from the prior-year period to ¥59.22 billion from ¥60.79 billion, and total operating expenses fell on an annual basis to ¥56.25 billion from ¥57.24 billion.
The company said reported net income fell 25.8% on an annual basis to ¥1.01 billion, or ¥77.79 per share, in the full year, from ¥1.36 billion, or ¥104.65 per share.
As of June 30, US$1 was equivalent to ¥122.43.