Nihon Chouzai Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥118.30 per share, a gain of 35.2% from ¥87.48 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.89 billion, an increase of 54.5% from ¥1.22 billion in the prior-year period.

The normalized profit margin increased to 3.1% from 2.6% in the year-earlier period.

Total revenue increased 27.7% on an annual basis to ¥60.59 billion from ¥47.46 billion, and total operating expenses increased 26.5% year over year to ¥57.46 billion from ¥45.43 billion.

Reported net income grew from the prior-year period to ¥2.02 billion, or ¥126.64 per share, from ¥533.0 million, or ¥38.10 per share.

For the year, the company's normalized net income totaled ¥423.69 per share, a gain of 59.9% from ¥265.03 per share in the prior year.

Normalized net income was ¥6.20 billion, a gain of 63.7% from ¥3.79 billion in the prior year.

Full-year total revenue increased 20.6% from the prior-year period to ¥219.24 billion from ¥181.84 billion, and total operating expenses increased 19.2% year over year to ¥208.75 billion from ¥175.20 billion.

The company said reported net income increased on an annual basis to ¥6.33 billion, or ¥432.81 per share, in the full year, from ¥2.78 billion, or ¥194.48 per share.

As of June 29, US$1 was equivalent to ¥102.64.