Nittoh Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥8.48 per share, a decrease of 32.1% from ¥12.48 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥34.4 million, a decrease of 32.1% from ¥50.6 million in the prior-year period.

The normalized profit margin fell to 1.9% from 2.8% in the year-earlier period.

Total revenue totaled ¥1.79 billion, compared with ¥1.78 billion in the year-earlier period, and total operating expenses climbed on an annual basis to ¥1.74 billion from ¥1.71 billion.

Reported net income decreased 41.1% from the prior-year period to ¥33.0 million, or ¥8.14 per share, from ¥56.0 million, or ¥13.81 per share.

For the year, the company's normalized net income totaled ¥40.94 per share, a fall of 41.6% from ¥70.12 per share in the prior year.

Normalized net income was ¥166.0 million, a decrease of 41.6% from ¥284.4 million in the prior year.

Full-year total revenue decreased year over year to ¥6.85 billion from ¥6.94 billion, and total operating expenses grew year over year to ¥6.61 billion from ¥6.50 billion.

The company said reported net income fell 31.3% on an annual basis to ¥191.0 million, or ¥47.10 per share, in the full year, from ¥278.0 million, or ¥68.55 per share.

As of June 22, US$1 was equivalent to ¥123.23.