Oenon Holdings Inc. said its normalized net income for the fourth quarter came to ¥9.91 per share, a gain of 12.1% from ¥8.84 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥621.9 million, a gain of 12.0% from ¥555.0 million in the year-earlier period.
The normalized profit margin increased to 2.6% from 2.2% in the year-earlier period.
Total revenue declined year over year to ¥24.19 billion from ¥25.11 billion, and total operating expenses declined on an annual basis to ¥23.10 billion from ¥24.20 billion.
Reported net income fell 5.3% on an annual basis to ¥90.0 million, or ¥1.43 per share, from ¥95.0 million, or ¥1.51 per share.
For the year, the company's normalized net income totaled ¥14.75 per share, an increase of 19.1% from ¥12.38 per share in the prior year.
Normalized net income was ¥925.1 million, a rise of 19.1% from ¥776.6 million in the prior year.
Full-year total revenue fell from the prior-year period to ¥82.33 billion from ¥84.19 billion, and total operating expenses decreased on an annual basis to ¥80.70 billion from ¥82.86 billion.
The company said reported net income rose on an annual basis to ¥237.0 million, or ¥3.78 per share, in the full year, from ¥60.0 million, or 96 sen per share.
As of March 23, US$1 was equivalent to ¥112.67.