Pia Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥7.69 per share, a decrease of 28.1% from ¥10.69 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥109.4 million, a decline of 27.7% from ¥151.3 million in the prior-year period.
The normalized profit margin dropped to 0.3% from 0.5% in the year-earlier period.
Total revenue came to ¥31.25 billion, compared with ¥31.38 billion in the year-earlier period, and total operating expenses totaled ¥31.08 billion, compared with ¥31.15 billion in the year-earlier period.
Reported net income decreased 50.6% on an annual basis to ¥162.3 million, or ¥11.41 per share, from ¥328.2 million, or ¥23.20 per share.
For the year, the company's normalized net income totaled ¥56.37 per share, a gain of 41.1% from ¥39.94 per share in the prior year.
Normalized net income was ¥796.9 million, a rise of 41.6% from ¥562.6 million in the prior year.
Full-year total revenue totaled ¥127.14 billion, compared with ¥128.14 billion in the prior year, and total operating expenses decreased year over year to ¥125.87 billion from ¥127.24 billion.
The company said reported net income increased 46.0% on an annual basis to ¥1.19 billion, or ¥83.97 per share, in the full year, from ¥813.2 million, or ¥57.72 per share.
As of June 15, US$1 was equivalent to ¥123.50.
