Kadoya Sesame Mills Inc. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥23.94 per share, an increase from ¥23.34 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥225.0 million, a gain from ¥219.4 million in the year-earlier period.

The normalized profit margin dropped to 3.7% from 4.2% in the year-earlier period.

Total revenue increased 17.6% on an annual basis to ¥6.14 billion from ¥5.23 billion, and total operating expenses climbed 24.7% from the prior-year period to ¥6.21 billion from ¥4.98 billion.

Reported net income declined 16.4% on an annual basis to ¥168.0 million, or ¥17.87 per share, from ¥201.0 million, or ¥21.39 per share.

For the year, the company's normalized net income totaled ¥107.92 per share, a decline of 17.7% from ¥131.20 per share in the prior year.

Normalized net income was ¥1.01 billion, a decline of 17.7% from ¥1.23 billion in the prior year.

Full-year total revenue increased 9.8% year over year to ¥24.04 billion from ¥21.89 billion, and total operating expenses rose 14.9% year over year to ¥23.23 billion from ¥20.23 billion.

The company said reported net income decreased 17.5% year over year to ¥949.0 million, or ¥100.97 per share, in the full year, from ¥1.15 billion, or ¥122.46 per share.

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