SAN Holdings Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥76.56 per share, an increase of 23.7% from ¥61.87 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥430.0 million, an increase of 23.7% from ¥347.5 million in the prior-year period.

The normalized profit margin rose to 8.4% from 7.1% in the year-earlier period.

Total revenue grew on an annual basis to ¥5.11 billion from ¥4.88 billion, and total operating expenses increased year over year to ¥4.42 billion from ¥4.32 billion.

Reported net income decreased 13.9% year over year to ¥253.0 million, or ¥45.04 per share, from ¥294.0 million, or ¥52.34 per share.

For the year, the company's normalized net income totaled ¥226.11 per share, an increase of 25.4% from ¥180.27 per share in the prior year.

Normalized net income was ¥1.27 billion, a gain of 25.4% from ¥1.01 billion in the prior year.

Full-year total revenue increased from the prior-year period to ¥18.44 billion from ¥18.06 billion, and total operating expenses came to ¥16.42 billion, compared with ¥16.42 billion in the prior-year period.

The company said reported net income grew on an annual basis to ¥985.0 million, or ¥175.37 per share, in the full year, from ¥953.0 million, or ¥169.67 per share.

As of June 26, US$1 was equivalent to ¥123.96.