Royal Holdings Co. Ltd. said its fourth-quarter normalized net income amounted to ¥11.51 per share, a decrease of 13.7% from ¥13.33 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥442.6 million, a decline of 13.9% from ¥514.1 million in the year-earlier period.
The normalized profit margin declined to 1.3% from 1.6% in the year-earlier period.
Total revenue rose year over year to ¥33.28 billion from ¥32.10 billion, and total operating expenses increased from the prior-year period to ¥32.52 billion from ¥31.22 billion.
Reported net income grew 25.6% from the prior-year period to ¥226.0 million, or ¥5.87 per share, from ¥180.0 million, or ¥4.67 per share.
For the year, the company's normalized net income totaled ¥77.15 per share, a gain of 8.2% from ¥71.29 per share in the prior year.
Normalized net income was ¥2.97 billion, a rise of 8.2% from ¥2.75 billion in the prior year.
Full-year total revenue rose from the prior-year period to ¥130.33 billion from ¥124.86 billion, and total operating expenses increased on an annual basis to ¥125.43 billion from ¥120.44 billion.
The company said reported net income grew 46.2% year over year to ¥2.73 billion, or ¥70.78 per share, in the full year, from ¥1.87 billion, or ¥48.39 per share.
As of March 30, US$1 was equivalent to ¥112.45.