O'will Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was 56 Japanese sen per share, a decline of 93.5% from ¥8.53 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.8 million, a decrease of 93.5% from ¥26.9 million in the year-earlier period.
The normalized profit margin fell to 0.0% from 0.4% in the year-earlier period.
Total revenue declined 8.4% on an annual basis to ¥5.75 billion from ¥6.28 billion, and total operating expenses declined 7.9% year over year to ¥5.75 billion from ¥6.25 billion.
Reported net income came to a loss of ¥5.0 million, or a loss of ¥1.59 per share, compared to income of ¥8.0 million, or ¥2.54 per share, in the prior-year period.
For the year, the company's normalized net income totaled ¥43.18 per share, a decline of 32.2% from ¥63.69 per share in the prior year.
Normalized net income was ¥136.0 million, a decrease of 32.2% from ¥200.6 million in the prior year.
Full-year total revenue rose from the prior-year period to ¥27.68 billion from ¥27.08 billion, and total operating expenses increased on an annual basis to ¥27.43 billion from ¥26.80 billion.
The company said reported net income declined 26.7% year over year to ¥121.0 million, or ¥38.42 per share, in the full year, from ¥165.0 million, or ¥52.38 per share.
As of June 26, US$1 was equivalent to ¥123.96.