Nojima Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥56.62 per share, an increase from ¥24.55 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.90 billion, a gain from ¥1.29 billion in the prior-year period.

The normalized profit margin increased to 2.4% from 1.5% in the year-earlier period.

Total revenue increased 43.3% on an annual basis to ¥122.60 billion from ¥85.56 billion, and total operating expenses climbed 42.7% year over year to ¥117.85 billion from ¥82.61 billion.

Reported net income increased from the prior-year period to ¥5.86 billion, or ¥114.50 per share, from ¥1.04 billion, or ¥19.81 per share.

For the year, the company's normalized net income totaled ¥183.26 per share, a gain from ¥85.56 per share in the prior year.

Normalized net income was ¥9.31 billion, an increase from ¥4.20 billion in the prior year.

Full-year total revenue increased 86.4% year over year to ¥454.84 billion from ¥244.07 billion, and total operating expenses grew 85.3% year over year to ¥440.25 billion from ¥237.59 billion.

The company said reported net income increased year over year to ¥13.23 billion, or ¥260.40 per share, in the full year, from ¥3.58 billion, or ¥72.95 per share.

As of June 24, US$1 was equivalent to ¥102.09.