S.T. Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥8.08 per share, a decline of 7.7% from ¥8.76 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥176.6 million, a decrease of 7.7% from ¥191.4 million in the year-earlier period.
The normalized profit margin declined to 1.6% from 1.7% in the year-earlier period.
Total revenue totaled ¥11.26 billion, compared with ¥11.33 billion in the year-earlier period, and total operating expenses came to ¥10.87 billion, compared with ¥10.89 billion in the prior-year period.
Reported net income declined 61.5% on an annual basis to ¥110.2 million, or ¥5.04 per share, from ¥285.9 million, or ¥13.09 per share.
For the year, the company's normalized net income totaled ¥41.70 per share, an increase from ¥41.17 per share in the prior year.
Normalized net income was ¥911.5 million, a gain from ¥895.4 million in the prior year.
Full-year total revenue grew from the prior-year period to ¥48.26 billion from ¥46.99 billion, and total operating expenses rose on an annual basis to ¥46.45 billion from ¥44.86 billion.
The company said reported net income declined 27.7% year over year to ¥892.2 million, or ¥40.82 per share, in the full year, from ¥1.23 billion, or ¥56.70 per share.
As of June 16, US$1 was equivalent to ¥123.45.
