Shidax Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of 59 Japanese sen per share, compared with a loss of 87 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 a loss of ¥23.1 million, compared with a loss of ¥33.8 million in the prior-year period.

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

Total revenue declined year over year to ¥38.89 billion from ¥40.48 billion, and total operating expenses fell from the prior-year period to ¥38.82 billion from ¥40.46 billion.

Reported net income totaled a loss of ¥5.51 billion, or a loss of ¥141.33 per share, compared to a loss of ¥3.39 billion, or a loss of ¥87.07 per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of ¥23.20 per share, compared with ¥3.02 per share in the prior year.

Normalized net income was a loss of ¥904.4 million, compared with income of ¥117.8 million in the prior year.

Full-year total revenue decreased 8.5% year over year to ¥159.71 billion from ¥174.46 billion, and total operating expenses fell 7.7% on an annual basis to ¥160.48 billion from ¥173.81 billion.

The company said reported net income totaled a loss of ¥7.12 billion, or a loss of ¥182.66 per share, in the full year, compared with income of ¥255.0 million, or ¥6.54 per share, the prior year.

As of June 29, US$1 was equivalent to ¥102.64.