Japan Airlines Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥66.77 per share, a gain of 40.0% from ¥47.70 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥24.20 billion, a gain of 39.9% from ¥17.30 billion in the year-earlier period.
The normalized profit margin rose to 7.5% from 5.4% in the year-earlier period.
Total revenue totaled ¥322.32 billion, compared with ¥319.42 billion in the prior-year period, and total operating expenses declined from the prior-year period to ¥280.88 billion from ¥290.13 billion.
Reported net income declined 31.3% from the prior-year period to ¥29.36 billion, or ¥80.99 per share, from ¥42.75 billion, or ¥117.89 per share.
For the year, the company's normalized net income totaled ¥295.22 per share, compared to EPS of ¥269.32 in the prior year.
Normalized net income was ¥107.04 billion, an increase from ¥97.66 billion in the prior year.
Full-year total revenue grew from the prior-year period to ¥1.345 trillion from ¥1.309 trillion, and total operating expenses grew on an annual basis to ¥1.165 trillion from ¥1.143 trillion.
The company said reported net income fell year over year to ¥149.04 billion, or ¥411.06 per share, in the full year, from ¥166.25 billion, or ¥458.45 per share.
As of June 18, US$1 was equivalent to ¥122.95.