Nihon Shokuhin Kako Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥1.02 per share, a decrease of 96.0% from ¥25.15 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.0 million, a decline of 96.0% from ¥123.8 million in the prior-year period.

The normalized profit margin declined to 0.0% from 0.9% in the year-earlier period.

Total revenue fell on an annual basis to ¥13.28 billion from ¥13.76 billion, and total operating expenses fell from the prior-year period to ¥13.36 billion from ¥13.63 billion.

Reported net income came to a loss of ¥126.0 million, or a loss of ¥25.61 per share, compared to income of ¥173.0 million, or ¥35.16 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥124.88 per share, a decrease of 42.2% from ¥216.21 per share in the prior year.

Normalized net income was ¥614.4 million, a decline of 42.2% from ¥1.06 billion in the prior year.

Full-year total revenue declined 6.9% on an annual basis to ¥56.23 billion from ¥60.39 billion, and total operating expenses declined 5.7% year over year to ¥55.59 billion from ¥58.97 billion.

The company said reported net income declined 49.8% on an annual basis to ¥617.0 million, or ¥125.41 per share, in the full year, from ¥1.23 billion, or ¥250.00 per share.

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