Fujisan Magazine Service Co. Ltd. said its normalized net income for the fourth quarter amounted to ¥24.4 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 4.1%.

Total revenue came to ¥601.0 million, and total operating expenses came to ¥564.0 million.

Reported net income came to ¥42.0 million, or ¥23.15 per share.

For the year, the company's normalized net income totaled ¥110.42 per share, an increase of 33.5% from ¥82.70 per share in the prior year.

Normalized net income was ¥196.3 million, an increase of 54.7% from ¥126.9 million in the prior year.

Full-year total revenue grew 22.5% from the prior-year period to ¥2.38 billion from ¥1.94 billion, and total operating expenses increased 18.8% year over year to ¥2.06 billion from ¥1.74 billion.

The company said reported net income increased 72.2% year over year to ¥217.0 million, or ¥122.10 per share, in the full year, from ¥126.0 million, or ¥82.13 per share.

As of March 25, US$1 was equivalent to ¥113.11.