Seihyo Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 29 was a loss of ¥41.20 per share, compared with a loss of ¥112.75 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥16.9 million, compared with a loss of ¥46.3 million in the prior-year period.

The normalized profit margin climbed to negative 3.0% from negative 8.6% in the year-earlier period.

Total revenue climbed on an annual basis to ¥563.0 million from ¥538.0 million, and total operating expenses fell on an annual basis to ¥595.0 million from ¥619.0 million.

Reported net income totaled a loss of ¥14.0 million, or a loss of ¥34.18 per share, compared to a loss of ¥122.0 million, or a loss of ¥297.42 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥73.19 per share, compared with a loss of ¥97.51 per share in the prior year.

Normalized net income was ¥30.0 million, compared with a loss of ¥40.0 million in the prior year.

Full-year total revenue rose on an annual basis to ¥3.52 billion from ¥3.41 billion, and total operating expenses totaled ¥3.50 billion, compared with ¥3.50 billion in the prior-year period.

The company said reported net income totaled ¥61.0 million, or ¥148.82 per share, in the full year, compared with a loss of ¥119.0 million, or a loss of ¥290.10 per share, the prior year.

As of May 27, US$1 was equivalent to ¥109.87.