Regal Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥60.75 per share, a decline of 64.6% from ¥171.50 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥193.1 million, a decline of 64.4% from ¥543.1 million in the prior-year period.

The normalized profit margin declined to 2.0% from 5.2% in the year-earlier period.

Total revenue decreased 5.7% on an annual basis to ¥9.82 billion from ¥10.41 billion, and total operating expenses totaled ¥9.53 billion, compared with ¥9.50 billion in the prior-year period.

Reported net income decreased 98.4% on an annual basis to ¥7.8 million, or ¥2.44 per share, from ¥474.1 million, or ¥149.69 per share.

For the year, the company's normalized net income totaled ¥413.19 per share, a decrease of 39.1% from ¥678.41 per share in the prior year.

Normalized net income was ¥1.31 billion, a fall of 37.3% from ¥2.09 billion in the prior year.

Full-year total revenue declined on an annual basis to ¥36.03 billion from ¥37.50 billion, and total operating expenses declined year over year to ¥33.95 billion from ¥34.30 billion.

The company said reported net income fell 16.3% on an annual basis to ¥1.34 billion, or ¥420.60 per share, in the full year, from ¥1.60 billion, or ¥517.70 per share.

As of June 25, US$1 was equivalent to ¥123.71.