Muraki Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥19.37 per share, an increase from ¥3.52 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥27.5 million, a gain from ¥5.0 million in the prior-year period.

The normalized profit margin rose to 1.3% from 0.2% in the year-earlier period.

Total revenue fell on an annual basis to ¥2.05 billion from ¥2.09 billion, and total operating expenses declined year over year to ¥2.01 billion from ¥2.10 billion.

Reported net income grew 7.4% on an annual basis to ¥29.0 million, or ¥20.42 per share, from ¥27.0 million, or ¥19.01 per share.

For the year, the company's normalized net income totaled ¥58.54 per share, an increase of 12.4% from ¥52.07 per share in the prior year.

Normalized net income was ¥83.1 million, a gain of 9.9% from ¥75.6 million in the prior year.

Full-year total revenue declined from the prior-year period to ¥8.47 billion from ¥8.83 billion, and total operating expenses decreased year over year to ¥8.39 billion from ¥8.77 billion.

The company said reported net income declined 36.1% on an annual basis to ¥62.0 million, or ¥43.67 per share, in the full year, from ¥97.0 million, or ¥66.78 per share.

As of June 26, US$1 was equivalent to ¥123.96.