Itochu-Shokuhin Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥15.89 per share, an increase from ¥6.59 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥204.0 million, a gain from ¥84.6 million in the year-earlier period.
The normalized profit margin rose to 0.2% from 0.1% in the year-earlier period.
Total revenue decreased 5.6% on an annual basis to ¥133.17 billion from ¥141.06 billion, and total operating expenses decreased 5.8% from the prior-year period to ¥132.92 billion from ¥141.03 billion.
Reported net income totaled a loss of ¥191.0 million, or a loss of ¥14.88 per share, compared to a loss of ¥1.24 billion, or a loss of ¥96.70 per share, in the prior-year period.
For the year, the company's normalized net income totaled ¥219.28 per share, an increase of 6.7% from ¥205.55 per share in the prior year.
Normalized net income was ¥2.81 billion, a gain of 6.7% from ¥2.64 billion in the prior year.
Full-year total revenue declined on an annual basis to ¥617.61 billion from ¥630.46 billion, and total operating expenses fell on an annual basis to ¥613.93 billion from ¥627.16 billion.
The company said reported net income fell 20.7% on an annual basis to ¥2.58 billion, or ¥201.06 per share, in the full year, from ¥3.26 billion, or ¥253.64 per share.
As of June 17, US$1 was equivalent to ¥124.24.
