Mitsubishi Shokuhin Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥53.71 per share, a gain of 36.9% from ¥39.22 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.07 billion, an increase of 36.9% from ¥2.24 billion in the year-earlier period.

The normalized profit margin increased to 0.6% from 0.4% in the year-earlier period.

Total revenue decreased year over year to ¥534.29 billion from ¥559.93 billion, and total operating expenses fell year over year to ¥529.90 billion from ¥556.71 billion.

Reported net income grew 50.0% year over year to ¥1.36 billion, or ¥23.84 per share, from ¥908.0 million, or ¥15.89 per share.

For the year, the company's normalized net income totaled ¥190.54 per share, compared with ¥189.41 per share in the prior year.

Normalized net income was ¥10.89 billion, compared with ¥10.82 billion in the prior year.

Full-year total revenue decreased year over year to ¥2.337 trillion from ¥2.388 trillion, and total operating expenses declined year over year to ¥2.322 trillion from ¥2.373 trillion.

The company said reported net income came to ¥9.75 billion, or ¥170.67 per share, in the full year, compared with ¥9.66 billion, or ¥169.00 per share, the prior year.

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