Belluna Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥8.41 per share, a decline of 44.5% from ¥15.16 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥818.0 million, a decrease of 44.5% from ¥1.47 billion in the year-earlier period.
The normalized profit margin declined to 2.9% from 5.0% in the year-earlier period.
Total revenue declined year over year to ¥28.00 billion from ¥29.40 billion, and total operating expenses declined from the prior-year period to ¥26.84 billion from ¥27.96 billion.
Reported net income decreased 37.3% from the prior-year period to ¥997.0 million, or ¥10.25 per share, from ¥1.59 billion, or ¥16.34 per share.
For the year, the company's normalized net income totaled ¥50.95 per share, a decline of 17.7% from ¥61.93 per share in the prior year.
Normalized net income was ¥4.95 billion, a decrease of 17.7% from ¥6.02 billion in the prior year.
Full-year total revenue fell on an annual basis to ¥120.69 billion from ¥125.41 billion, and total operating expenses decreased year over year to ¥114.46 billion from ¥117.70 billion.
The company said reported net income decreased 8.8% year over year to ¥6.39 billion, or ¥65.76 per share, in the full year, from ¥7.01 billion, or ¥72.12 per share.
As of June 29, US$1 was equivalent to ¥122.67.