Yaoko Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥8.32 per share, a decline of 46.6% from ¥15.58 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥323.1 million, a decrease of 46.6% from ¥605.1 million in the year-earlier period.

The normalized profit margin dropped to 0.4% from 0.9% in the year-earlier period.

Total revenue increased 10.2% year over year to ¥76.65 billion from ¥69.53 billion, and total operating expenses grew 11.1% year over year to ¥76.07 billion from ¥68.48 billion.

Reported net income rose 69.2% year over year to ¥1.01 billion, or ¥25.93 per share, from ¥595.0 million, or ¥15.32 per share.

For the year, the company's normalized net income totaled ¥212.81 per share, a gain of 12.8% from ¥188.66 per share in the prior year.

Normalized net income was ¥8.26 billion, a rise of 12.8% from ¥7.33 billion in the prior year.

Full-year total revenue increased 12.1% year over year to ¥307.35 billion from ¥274.15 billion, and total operating expenses increased 12.1% year over year to ¥293.88 billion from ¥262.15 billion.

The company said reported net income increased 10.2% on an annual basis to ¥7.83 billion, or ¥201.76 per share, in the full year, from ¥7.11 billion, or ¥183.12 per share.

As of June 23, US$1 was equivalent to ¥123.88.