Nippon Suisan Kaisha Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to 37 Japanese sen per share, compared with a loss of 15 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥101.0 million, compared with a loss of ¥41.4 million in the prior-year period.

The normalized profit margin rose to 0.1% from negative 0.0% in the year-earlier period.

Total revenue rose 6.9% on an annual basis to ¥166.33 billion from ¥155.55 billion, and total operating expenses rose 7.2% on an annual basis to ¥165.26 billion from ¥154.20 billion.

Reported net income came to ¥7.0 million, or 3 sen per share, compared to a loss of ¥1.85 billion, or a loss of ¥6.70 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥39.77 per share, a gain of 78.1% from ¥22.34 per share in the prior year.

Normalized net income was ¥10.99 billion, a gain of 78.0% from ¥6.17 billion in the prior year.

Full-year total revenue grew 5.7% on an annual basis to ¥638.43 billion from ¥604.25 billion, and total operating expenses grew year over year to ¥620.32 billion from ¥591.22 billion.

The company said reported net income increased year over year to ¥10.56 billion, or ¥38.22 per share, in the full year, from ¥4.00 billion, or ¥14.47 per share.

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