Kyoto Tool Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥54.72 per share, a gain from ¥25.56 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥131.1 million, an increase from ¥61.3 million in the prior-year period.

The normalized profit margin rose to 6.2% from 3.2% in the year-earlier period.

Total revenue climbed 9.7% on an annual basis to ¥2.13 billion from ¥1.94 billion, and total operating expenses rose year over year to ¥1.93 billion from ¥1.85 billion.

Reported net income grew 71.6% from the prior-year period to ¥139.0 million, or ¥58.01 per share, from ¥81.0 million, or ¥33.80 per share.

For the year, the company's normalized net income totaled ¥149.66 per share, a gain of 8.8% from ¥137.60 per share in the prior year.

Normalized net income was ¥358.6 million, a gain of 8.8% from ¥329.8 million in the prior year.

Full-year total revenue decreased from the prior-year period to ¥7.17 billion from ¥7.54 billion, and total operating expenses declined 6.1% year over year to ¥6.64 billion from ¥7.07 billion.

The company said reported net income grew year over year to ¥489.0 million, or ¥204.06 per share, in the full year, from ¥479.0 million, or ¥199.87 per share.

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