Arcland Sakamoto Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 20 was ¥31.38 per share, a gain from ¥30.27 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.27 billion, an increase from ¥1.23 billion in the year-earlier period.

The normalized profit margin increased to 5.2% from 5.1% in the year-earlier period.

Total revenue rose on an annual basis to ¥24.44 billion from ¥24.07 billion, and total operating expenses rose on an annual basis to ¥22.46 billion from ¥22.08 billion.

Reported net income fell 20.1% from the prior-year period to ¥861.0 million, or ¥21.23 per share, from ¥1.08 billion, or ¥26.55 per share.

For the year, the company's normalized net income totaled ¥132.51 per share, a fall from ¥135.59 per share in the prior year.

Normalized net income was ¥5.37 billion, a fall from ¥5.50 billion in the prior year.

Full-year total revenue increased from the prior-year period to ¥101.69 billion from ¥99.24 billion, and total operating expenses grew on an annual basis to ¥92.90 billion from ¥90.48 billion.

The company said reported net income rose 10.1% year over year to ¥5.83 billion, or ¥143.70 per share, in the full year, from ¥5.29 billion, or ¥130.47 per share.

As of May 14, US$1 was equivalent to ¥119.24.