JINS Inc. said its normalized net income for the fiscal fourth quarter ended Aug. 31 was ¥28.80 per share, an increase of 40.9% from ¥20.44 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥690.6 million, an increase of 40.9% from ¥490.0 million in the prior-year period.

The normalized profit margin increased to 6.0% from 5.5% in the year-earlier period.

Total revenue grew 30.3% year over year to ¥11.59 billion from ¥8.89 billion, and total operating expenses grew 29.2% on an annual basis to ¥10.47 billion from ¥8.10 billion.

Reported net income increased on an annual basis to ¥660.0 million, or ¥27.53 per share, from ¥100.0 million, or ¥4.17 per share.

For the year, the company's normalized net income totaled ¥90.69 per share, an increase of 18.8% from ¥76.32 per share in the prior year.

Normalized net income was ¥2.17 billion, a gain of 18.8% from ¥1.83 billion in the prior year.

Full-year total revenue rose 12.6% from the prior-year period to ¥40.70 billion from ¥36.15 billion, and total operating expenses grew 11.9% on an annual basis to ¥37.12 billion from ¥33.18 billion.

The company said reported net income grew 52.8% on an annual basis to ¥1.90 billion, or ¥79.33 per share, in the full year, from ¥1.25 billion, or ¥51.93 per share.

As of Nov. 26, US$1 was equivalent to ¥122.54.