Makita Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥33.75 per share, an increase from ¥32.62 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥9.16 billion, a gain from ¥8.85 billion in the prior-year period.
The normalized profit margin fell to 8.8% from 8.8% in the year-earlier period.
Total revenue rose year over year to ¥103.60 billion from ¥100.07 billion, and total operating expenses climbed from the prior-year period to ¥86.99 billion from ¥85.39 billion.
Reported net income rose 14.2% year over year to ¥8.58 billion, or ¥31.61 per share, from ¥7.51 billion, or ¥27.66 per share.
For the year, the company's normalized net income totaled ¥155.78 per share, compared to EPS of ¥129.18 in the prior year.
Normalized net income was ¥42.29 billion, an increase from ¥35.07 billion in the prior year.
Full-year total revenue grew on an annual basis to ¥414.72 billion from ¥383.21 billion, and total operating expenses rose year over year to ¥342.50 billion from ¥327.05 billion.
The company said reported net income increased year over year to ¥45.31 billion, or ¥166.89 per share, in the full year, from ¥38.45 billion, or ¥141.64 per share.
As of July 10, US$1 was equivalent to ¥122.69.