Warabeya Nichiyo Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 29 came to ¥5.59 per share, a decline of 68.5% from ¥17.74 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥98.1 million, a decrease of 68.6% from ¥312.5 million in the year-earlier period.
The normalized profit margin dropped to 0.2% from 0.6% in the year-earlier period.
Total revenue grew year over year to ¥49.82 billion from ¥48.50 billion, and total operating expenses increased on an annual basis to ¥49.57 billion from ¥48.06 billion.
Reported net income came to a loss of ¥763.0 million, or a loss of ¥43.50 per share, compared to income of ¥340.0 million, or ¥19.30 per share, in the prior-year period.
For the year, the company's normalized net income totaled ¥120.65 per share, a decrease of 25.3% from ¥161.52 per share in the prior year.
Normalized net income was ¥2.12 billion, a decrease of 25.5% from ¥2.85 billion in the prior year.
Full-year total revenue rose on an annual basis to ¥209.15 billion from ¥201.68 billion, and total operating expenses increased year over year to ¥205.98 billion from ¥197.54 billion.
The company said reported net income decreased 48.5% year over year to ¥1.43 billion, or ¥81.29 per share, in the full year, from ¥2.77 billion, or ¥157.55 per share.
As of May 27, US$1 was equivalent to ¥109.87.